The artificial intelligence of Elon Musk, Xai, is in talks to increase the new funding that could estimate it up to $ 120 billion, from $ 80 billion just over a month ago, two people with the discussions were reported.
The talks are in the early stages and XAI’s valuation could increase or fall as the progress of the talks said the people, who talked about the condition of anonymity. Investors discussed the placement of $ 20 billion in the company, although that number could also change.
The talks follow a great effort to raise funds by Openai, the start of the San Francisco Chatgpt, which said in March that it had closed a round of funding that estimated it at $ 300 billion. Openai began the AI ​​explosion in late 2022 with the liberation of Chatgpt, launching an increase in funding for other AI companies, including XAI.
Now XAI is now interconnected with X, Mr Musk’s social media company. In March, he said he had sold X to XAI. The XAI All-Stock Agreement to $ 80 billion and X to $ 33 billion, Mr Musk said. The previous evaluation of XAI, from a December funding round, was about $ 40 billion.
Grok, the Chatbot made by XAI, is trained in data published by X users and available in X. Bankers for X told investors this year that some of the revenue of the Social Media Company came from XAI.
The excitement between investors for AI companies was cooled by the end of last year, as several newly established companies were essentially folded into technological giants such as Google and Amazon. However, Xai and Openai are one of the few who continue to seek billions of funding to build AI’s top technologies.
Mr Musk did not respond to a request for commentary on XAI. Details of the conversations were mentioned earlier than Bloomberg.
(The New York Times has sued Openai and her partner, Microsoft, for infringement of copyright of AI -related news -related content rights.)
Mr Musk helped find Openai in 2015, along with businessman Sam Altman and others. He separated ways with the organization about two years later, after a dispute over his direction. At that time, Openai was structured as a non -profit organization.
After Mr Musk left Openai, Mr Altman transformed him into a speculative business so he could increase the huge amounts of money needed to build AI technologies. These technologies learn skills by analyzing huge amounts of digital data, which may require hundreds of millions of dollars in computing power.
Following the release of Chatgpt in 2022, Mr Musk created XAI to build similar technology. At the same time, Mr Musk sued Openai, arguing that Openai and two of its founders, Mr Altman and Greg Brockman, violated the company’s founding contract by putting commercial interests in the face of public good. Mr Musk threw the costume months later, before reviving it in the federal court in August.
