US EditionElon Musk says report on xAI's $15 billion fundraise is 'false'
Elon Musk called the $15 billion funding report for xAI false, disputing CNBC's claim of a $200 billion valuation and GPU investment for AI model training.
- On Wednesday, Elon Musk denied CNBC's report that xAI raised $15 billion, calling the story `False` and not detailing which parts were wrong.
- Recent months have seen surging investment in AI, including major rounds like Anthropic's $15 billion and OpenAI's $6.6 billion, fueling massive capital flows to artificial intelligence startups.
- CNBC reported the round added $5 billion to an earlier $10 billion financing, with much of the capital earmarked to buy graphic processing units for Grok.
- After the report, the startup's terse reply contrasted with prior denials of fundraising claims as xAI responded to Reuters with an automated `Legacy Media Lies` message, conflicting with Elon Musk's earlier $10 billion denial.
- XAI's infrastructure expansion could help it compete with incumbent firms as it builds the Colossus supercomputer in Memphis to scale model training amid investor enthusiasm.
16 Articles
16 Articles
Elon Musk debunks report claiming xAI raised $15 billion in funding round
Elon Musk has debunked a report claiming his AI startup xAI had raised $15 billion from a funding round. Reports of the alleged funding round were initially reported by CNBC, which cited sources reportedly familiar with the matter. CNBC’s report The CNBC story cited unnamed sources that claimed that the new capital injection would help fund GPUs that xAI needs to train its large language model, Grok. The news outlet noted that following the fund…
DOBLE LLAVE – The artificial intelligence company (IA) of Elon Musk, xAI, raised $15 billion from investors, according to CNBC. Much of the capital will go to finance graphical processing units (GPU), according to the aforementioned medium. xAI is building large energy-intensive data centers equipped with thousands of AI chips. The funding is added to the $10 billion of the round that specialized media announced in September, which valued the st…
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