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Expanding Offerings and $6 Billion Fundraising for XAI
Hugging Face has expanded its offerings to include the ability to deploy AI models on Google Cloud and Google's TPUs. Meanwhile, Elon Musk's XAI is seeking to raise $6 billion in funding, with a valuation of $20 billion. This valuation positions XAI slightly ahead of other players in the space, despite a lack of substantial proof points. The company is engaging with family offices in Hong Kong and sovereign wealth funds in the Middle East for fundraising, which raises national security implications. Morgan Stanley is coordinating the significant fundraise, adding an interesting dynamic to the situation.