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Musk’s xAI Raises $6B, Internet Archive DDoS Attack, GPT-4 Outperforms Analysts, Crows Count, and New Biology Rulle
May 28, 2024
06:33
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Elon Musk's xAI company raises $6 billion for AI development, Internet Archive faces DDoS attack, crows display counting abilities similar to human toddlers, biologist introduces concept of 'selectively advantageous instability' in biology
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- XAI secures $6 billion funding to develop AI products and infrastructure.
- Crows demonstrate counting abilities similar to human toddlers, challenging cognitive assumptions.
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Elon Musk's XAI Secures $6 Billion Funding Round
Elon Musk's artificial intelligence company, XAI, successfully secured an impressive $6 billion in its series B funding round. The funding will bolster the company's efforts to launch its initial products, enhance infrastructure, and drive research and development of future technologies. Notable investors like Andreasen Horowitz, Sequoia Capital, and Fidelity Management and Research Company participated in the round. With a pre-funding valuation of $18 billion, XAI's post-money valuation is estimated at $24 billion, positioning the company to compete with industry giants.
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