Musk's A.I. Firm Raises $6 Billion in Race with Rivals
Briefly

Elon Musk's xAI raised $6 billion to launch products, develop infrastructure, and advance technologies, valuing the company at $18 billion. Heavy investments in AI reflect its integration into various industries.
Deutsche Bank analysts highlight the necessity for industry leaders to continuously improve generative AI systems to stay competitive. OpenAI and Anthropic showcase significant growth and backing from tech giants like Microsoft and Amazon.
Read at www.nytimes.com
[
|
]