News with the tag "AI funding"

Elon Musk’s xAI Secures $6 Billion in Series C Funding Round Elon Musk’s xAI , an artificial intelligence startup, has successfully raised a staggering $6 billion in a Series C funding round , according to a recent company blog post. The round attracted significant investments from A16Z (Andreessen ...

Private documents show OpenAI stockholders are planning to sell shares at a price that would value the firm at $103 billion. Any new investment would see the AI startup valued even higher.

Anthropic and Menlo Ventures have launched the “Anthology Fund” to back innovative early-stage AI companies.

Despite an eight-year headstart, xAI’s Grok could become a chatGPT competitor by the end of 2024, according to Musk.