Elon Musk's AI company behind the Grock chatbot has completed a $6 billion Series B-round at a post-money valuation of $24 billion. The increased round size was due to high demand, highlighting the limited number of competitors in the frontier model space, where investors are willing to pay whatever the market dictates.
Today’s extended headlines edition covers the massive Series B round completed by Elon Musk’s xAI, raising a record-breaking $6 billion. The discussion explores the implications of this funding, the fierce AI competition, and the ongoing AI developments from other tech giants. Stay tuned for all the essential AI news and trends.
**
Join Superintelligent at https://besuper.ai/ -- Practical, useful, hands on AI education through tutorials and step-by-step how-tos. Use code podcast for 50% off your first month!
**
ABOUT THE AI BREAKDOWN
The AI Breakdown helps you understand the most important news and discussions in AI.
Subscribe to The AI Breakdown newsletter: https://aidailybrief.beehiiv.com/
Subscribe to The AI Breakdown on YouTube: https://www.youtube.com/@AIDailyBrief
Join the community: bit.ly/aibreakdown