VCs are selling shares of hot AI companies like Anthropic and xAI to small investors in a wild SPV market

VCs are selling shares of hot AI companies like Anthropic and xAI to small investors in a wild SPV market

VCs are clamoring to invest in hot AI companies, willing to pay exorbitant share prices for coveted spots on their cap tables. Even so, most aren’t able to get into such deals at all. Yet, small, unknown investors, including family offices and high-net-worth individuals, have found their own way to get shares of the hottest …

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Elon Musk’s xAI Close to Raising $6 Billion

Elon Musk’s xAI Close to Raising  Billion

Elon Musk’s artificial intelligence (AI) startup xAI is reportedly close to raising $6 billion from investors. The funding round would value xAI at $18 billion, Bloomberg reported Friday (April 26). Silicon Valley venture capital (VC) firm Sequoia Capital has committed to investing in the startup, according to the Financial Times (FT), which reported the same …

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Why Elon Musk’s AI company ‘open-sourcing’ Grok matters — and why it doesn’t

Why Elon Musk’s AI company ‘open-sourcing’ Grok matters — and why it doesn’t

Image Credits: Jaap Arriens/NurPhoto / Getty Images Elon Musk’s xAI released its Grok large language model as “open source” over the weekend. The billionaire clearly hopes to set his company at odds with rival OpenAI, which despite its name is not particularly open. But does releasing the code for something like Grok actually contribute to …

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Musk’s xAI Unveils Open-Source AI Chatbot Grok-1

Musk’s xAI Unveils Open-Source AI Chatbot Grok-1

Elon Musk has officially unveiled his open-source artificial intelligence (AI) model. “We are releasing the base model weights and network architecture of Grok-1, our large language model,” Musk’s xAI said on its website Sunday (March 17). “Grok-1 is a 314 billion parameter Mixture-of-Experts model trained from scratch by xAI.” The billionaire had announced last week that he was going to …

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Meet ‘Groq,’ the AI Chip That Leaves Elon Musk’s Grok in the Dust

Meet ‘Groq,’ the AI Chip That Leaves Elon Musk’s Grok in the Dust

Groq, an AI chip company, wants everyone to forget about Elon Musk’s snarky chatbot with nearly the same name, Grok. Lightning-fast demos from Groq went viral this weekend, making current versions of ChatGPT, Gemini and even Grok look sluggish. Groq claims to provide “the world’s fastest large language models,” and third-party tests are saying that …

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Elon Musk dismisses reports about AI company’s $500 million funding as ‘fake news’

Elon Musk dismisses reports about AI company’s 0 million funding as ‘fake news’

Tech billionaire Elon Musk has dismissed reports on the $500 million worth of funding plans for his artificial intelligence start-up xAI through posts on social media site X (formerly known as Twitter). Replying separately to two users on the site, Musk told one user the information was “simply not accurate” and called the original Bloomberg …

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Tech Talk: The 10 digital trends shaping our world

Tech Talk: The 10 digital trends shaping our world

As 2023 ends, I highlight some of the trends that I wrote about in the past year, and how those are panning out in this rapidly accelerating digital world. While the list is not exhaustive, I hope it will provide a clearer picture of where these technology shifts may lead us in 2024. As 2023 …

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Grok AI Chatbot, Developed by Elon Musk, Debuts In India

Grok AI Chatbot, Developed by Elon Musk, Debuts In India

Elon Musk has launched his own AI bot Grok to challenge ChatGPT. Elon Musk’s artificial intelligence venture, xAI, has rolled out Grok for Premium Plus subscribers of X in India. Additionally, Grok’s services are now accessible in 46 other nations, such as Pakistan, Australia, Canada, New Zealand, and Singapore. This development comes after last week’s …

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Elon Musk’s xAI releases “Gork,” it’s ChatGPT rival

Elon Musk’s xAI releases “Gork,” it’s ChatGPT rival

Elon Musk’s artificial intelligence company, xAI, has released its first AI model, named Gork, to a select group of people. Musk shared a snippet of a chatbot based on xAI’s new “Gork” model, which suggests that it is a large language model similar to that of OpenAI’s GPT and Google’s PaLM.Musk, in a post on …

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