Elon Musk's company xAI announced the raising of $6 billion in a Series C round, significantly increasing its valuation to over $40 billion. These funds will be used for the further development of AI products, including the enhancement of the Grok model and the expansion of the Colossus supercomputer in Memphis, which utilizes 100,000 Nvidia GPUs for training. In 2024, xAI has already raised $12 billion. It is also expected that the new version of the Grok 3 model, with improved performance, will soon be available to users.
12/24/2024 2:41:13 PM (GMT+1)
Elon Musk's xAI raised $6 billion in a Series C round, increasing its valuation to over $40 billion, directing funds toward the development of AI products and the Colossus supercomputer 🤖
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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