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The AI Daily Brief (Formerly The AI Breakdown): Artificial Intelligence News and Analysis
AI Competition Heats Up as xAI Closes Biggest Series B of All Time
May 29, 2024
15:40
Snipd AI
Podcast covers xAI's record-breaking $6 billion Series B funding, implications for AI competition, developments in GRAK 1.5 technology, OpenAI's new AI model, AI regulatory impact, Apple's AI strategy, and Google's search challenges.
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Quick takeaways
- xAI raises record-breaking $6 billion in Series B round to advance conversational AI framework with plans for Gigafactory of Compute.
- OpenAI forms safety committee and trains new AI model, emphasizing industry-leading capabilities and safety measures.
Deep dives
XAI Raises $6 Billion and Plans Massive Infrastructure Development
XAI has secured a substantial $6 billion and a post-money valuation of $24 billion in its recent Series B round. The investment is aimed at advancing XAI's conversational AI framework with plans to build a Gigafactory of Compute containing 100,000 specialized semiconductors by the fall of 2025. This infrastructure expansion is pivotal in Elon Musk's strategy to compete with other tech giants' supercomputing capabilities, including discussions of potential partnerships with Oracle for cloud server rentals.
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