xAI's $10B Raise and Investor Thesis

Elon Musk’s xAI has raised $10 billion at a $200 billion valuation, doubling its worth in just four months. The round includes familiar backers like Andreessen Horowitz, Sequoia, and Fidelity, and gives xAI the second-highest valuation in private AI. This episode breaks down what investors are really buying into: Grok’s integration with X, the push toward open-source models, plans for a massive GPU cluster, and the growing fusion of social media and AI under Musk’s control. We also look at what xAI still lacks compared to OpenAI and Anthropic

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