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Elon Musk's xAI Secures $6 Billion, Expands AI Ambitions

  • Elon Musk's artificial intelligence company XAI has secured $6 billion in Series C funding from major technology and financial institutions, marking its second major funding round this year.
  • The funding will support XAI’s expansion of its Colossus supercomputer, which operates with 100,000 Nvidia Hopper GPUs.
  • Since its founding in July 2023, XAI has grown to a reported valuation of $50 billion, making it a significant competitor to OpenAI, valued at $157 billion.
  • XAI plans to use the funding to 'ship groundbreaking products that will be used by billions of people'.
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