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After two years of relatively muted investment activity, it seems that VCs are starting to pour capital into startups at pandemic-era levels once again. But a closer look shows that they aren’t really. In the fourth quarter of last year, investors funneled $74.6 billion into U.S. startups, a substantial increase from the average of $42…
Updated December 25, 12:21 p.m. Pacific: Added details of xAI’s valuation and Kingdom Holdings’ contribution. xAI, Elon Musk’s AI company, has raised $6 billion in a Series C financing round. The company announced this week that Andreessen Horowitz , Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia,…
Elon Musk’s AI company, xAI, is testing out a standalone iOS app for its chatbot, Grok, which was available only to X users until now. The app, currently live in Australia and a few countries in beta, can access real-time data from the web and X, and offers generative AI features like rewriting text, summarizing…
XAI, Elon Musk’s AI company, may be embroiled in an escalating lawsuit with OpenAI. But that’s not stopping it from shipping new products — on a Friday night, no less. This evening, xAI revealed that it has begun to roll out an upgraded version of its flagship Grok 2 chatbot model to all users on…
X, the Elon Musk-owned social network previously known as Twitter, has added a new image generator to its Grok assistant. So this new @grok image generation called Aurora just shipped on a Saturday, what do we think folks? Looks like trained by them, no evals or details, just, here you go, use the thing. Seems…
X users no longer need to pay for X Premium to use the service’s AI chatbot, Grok. Instead, X is allowing users 10 free prompts every 2 hours. This was reported by The Verge, citing X users who noticed the update. X first began trialing a free version of Grok in certain countries like New…
Fidelity marked up the value of its holdings in Elon Musk’s X (formerly Twitter) by 32.37% in October, according to a report in Axios. Even with this markup, Fidelity still values the company at 72 percent less than the $44 billion that Musk purchased it for in 2022. Axios reports that this move is probably…
A lawsuit by the world’s wealthiest man against one of the fastest growing companies of all time is necessarily interesting stuff. But while the allegations are yet to be proven, the case has already exposed a batch of emails between Elon Musk, Sam Altman, and others during OpenAI’s early days. Here are a few of…
Elon Musk’s lawsuit against OpenAI accusing the company of abandoning its non-profit mission was withdrawn in July, only to be revived in August. Now, in an amended complaint, the suit names new defendants including Microsoft, LinkedIn co-founder Reid Hoffman, and former OpenAI board member and Microsoft VP Dee Templeton. The amended filing also adds new…
Elon Musk has denied a report that one of his companies, Tesla, has discussed sharing revenue with another of his companies, xAI, so that it can use the startup’s AI models. The Wall Street Journal wrote yesterday that under a proposed agreement described to investors, Tesla would use xAI models in its driver-assistance software (known…