xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders
by TechCrunch
TechCrunch— xAI, Elon Musk’s 10-month-old competitor to the AI phenom OpenAI, is raising $6 billion on a pre-money valuation of $18 billion, according to one trusted source close to the deal. The deal – which would give investors one quarter of the company – is expected to close in the next few weeks unless the terms […] © 2024 TechCrunch. All rights reserved. For personal use only.
Yahoo Finance—Elon Musk's xAI Valued At $18 Billion In Latest Funding Round As Musk Looks To Take On $80 Billion OpenAI, A Company He Co-Founded. Elon Musk is reportedly raising $6 billion at a $18 billion valuation for his latest venture, xAI.Corp. Initially, xAI was set to raise $3 billion with a premoney valuation of $15 billion. However, because of overwhelming interest from investors, the terms of the deal were renegotiated, resulting in a significant increase in valuation. "We all received an email that basically said, ‘It's now $6B on $18B, and don't complain because a lot of other people want in," an anonymous source told...
Tech Times—X TV App: Smart TV-dedicated Streaming Platform Coming Soon From Elon Musk’s Social Media. X TV app is X's upcoming streaming platform, offering social media content to watch on bigger screens.
Drudge Report—Life After X: Journos Who Ditched Elon Musk’s Twitter Speak Out. Mediaite spoke with four journalists about what caused them to limit their use of Twitter and what their social media use looks like now.