Tech billionaire Elon Musk has just invested more capital for xAI to upgrade its supercomputer.
The artificial intelligence company xAI founded by billionaire Elon Musk has just successfully raised 6
billion USD in a new round of capital calling, bringing the total investment capital to
12 billion USD and the company's value to 50 billion USD.
Billionaire Elon Musk shows AI ambition with huge capital investment round for xAI.
Billionaire Elon Musk shows AI ambition with huge capital investment round for xAI.
The round attracted 97 investors, including big names like NVIDIA, AMD, Andreessen Horowitz, Blackrock, Fidelity, Kin
gdom Holdings, and Sequoia Capital. Notably, Mr. Musk only allowed investors who had b
cked his previous projects, such as the acquisition of social network Twitter, to participate in this round.
The new funding will be used by xAI to upgrade the Colossus supercomputer, which currently uses 100,000 NVIDIA H100 GPUs
. Musk now plans to upgrade Colossus to 200,000 GPUs, even aiming for 1 million GPUs in the future.
With more powerful supercomputers, xAI will be able to train more advanced large l
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anguage models (LLMs), competing directly with OpenAI's ChatGPT and Google's Gemini.
xAI was founded by Mr. Musk in July 2023, with the ambition to enter and lead the booming field of AI. Currently, xAI is develop
ing Grok, an AI model integrated into SpaceX's Starlink internet service . The company is als
o considering a possible research and development partnership with Tesla, although this move has met with opposition from some Tesla shareholders.
Although xAI's current revenue is still quite modest (about 100 million USD per year), with strong backing from billionaire Musk and investors, xAI is expected to soon become a formidable force in the AI race.
