xAI has completed a $6 billion Series C funding round. A number of companies participated in the investment round, including technology and financial giants A16Z, Blackrock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, and Vy Capital. .
Strategic investors NVIDIA and AMD also participated. Both companies will continue to support xAI’s scaling infrastructure.
What they say:
Elon Musk welcomed NVIDIA’s investment. In a post on X, Musk said he was “honored to have NVIDIA as an investor.”
We are honored to have @nvidia as an investor
— Elon Musk (@elonmusk) December 25, 2024
Rapid advances in xAI:
Even after the Series B funding round in May 2024, xAI continues to gain momentum. The AI startup has achieved notable technological milestones, including:
Colossus: The world’s largest AI supercomputer with 100,000 NVIDIA Hopper GPUs. It was fully operational in just 122 days. Plans are in place to double the size to 200,000 GPUs. Grok 2: A large-scale language model with cutting-edge inference capabilities. Grok is currently deployed on X and has access to real-time information. xAI API: Provides developers global, low-latency access to xAI’s underlying model. Aurora: Grok’s image generation model.
Upcoming projects:
xAI is currently training Grok 3, its most advanced model to date. Plans are underway to launch new consumer and enterprise products powered by Grok, Colossus, and X, the artificial intelligence startup said in a blog post.
Between the lines:
The recent funding round will accelerate xAI’s infrastructure, product development, and research. It also helps the company develop AI systems that are truthful, competent, and in the best interest of all humanity. The funding will also help artificial intelligence proactively enhance recruitment efforts.
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