Elon Musk is ready to establish his own artificial intelligence-focused company, called xAI. The first product under it called Grok has already been integrated with X (formerly known as Twitter), allowing users to ask various questions and get quick feedback directly through it.
One of Grok's advantages is that it is trained using real-time data from X, allowing users to get real-time context-based input.
Most recently, it was reported that Elon Musk has managed to secure an investment commitment of $500 million, and is on track to achieve an initial investment fund injection of $1 billion. Roughly speaking, the xAI company itself is valued between $15 billion and $20 billion.
It's quite interesting to see this xAI value increase dramatically – and it's not impossible to surpass the value of X itself one day. Previously, X was valued at around $13 billion by one of the investors.
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BUSINESS & MONEY