Elon Musk's xAI Raises $6B
Elon Musk's xAI Raises $6B
The Facts
In an announcement on its website on Sunday, Elon Musk's artificial intelligence (AI) company xAI said it raised another $6B in "Series B funding." The latest investors include Valor Equity Partners, Vy Capital, and Saudi Prince Alwaleed Bin Talal.
The investors in the one-year-old startup are among those invested in Musk's other companies like Tesla and X. Musk posted on X Monday that the goal of xAI is "understanding the universe" and the "rigorous pursuit of truth" without care for "popularity or political correctness.'
The Spin
While Musk is an expert at building rockets and somewhat good at promoting free speech, the AI industry is not his forte. To succeed in the AI race, you must first understand the potential of the technology, which Musk clearly doesn't given he thinks AGI will be created by next year. The billionaire will also work his employees to death to achieve these unrealistic goals, which is why his hiring offer will fall on deaf ears.
Critics of Musk's AI endeavors clearly haven't seen his diverse record of success in the technology sector. In a unique fashion, Musk uses his several companies to complement each other, as shown by his SpaceX employees working with the Boring Company to build tunnels. Now, he's tapping into the rich information source of his social media company X to build AI that tries to understand and help humanity rather than control it.