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Elon Musk’s xAI has raised another $6 billion, bringing the company’s valuation to $18 billion.Musk founded xAI in July 2023 in a bid to take on ChatGPT. It released Grok-1 a few months later and has since announced its Grok-1.5 model with long context capability, and Grok-1.5V with image understanding. While Grok is intended to combat what Musk considers to be ChatGPT’s propaganda machine, Grok has had its share of snafus, mostly recently taking tongue-in-cheek or false tweets and serving them up as a real new blurbs.With its new infusion of cash, the xAI says it plans “multiple exciting technology updates and products soon to be announced.” It teased plans to bring “xAI’s first products to market, build advanced infrastructure, and accelerate the research and development of future technologies.”Funding for the round came from Andreessen Horowitz, Sequoia Capital, and Saudi Arabian Prince Al Waleed bin Talal.
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News of the investment comes days after a report that the company is building a new supercomputer to power the next generation of its ChatGPT competitor, Grok. According to The Information, Musk has referred to the computer as a “gigafactory of compute” and told the company’s investors that the supercomputer will require tens of thousands of Nvidia H100 GPUs to operate and cost billions to build.
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