Elon Musk's AI startup XAI is reportedly raising up to $1 billion, despite Elon denying the reports. XAI aims to provide an alternative to OpenAI's Chat GPT, with more personality and a willingness to venture into non-PC areas. The value proposition of XAI lies in its access to Twitter's data and integration into the platform for X Premium plus subscribers. In other news, AMD is launching its MI 300 chip to challenge Nvidia's dominance in the AI space.

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