According to a report in the Financial Times, xAI Corp., Elon Musk's generative AI startup, is looking to finalize a $6 billion funding round in June, potentially surpassing a $24 billion valuation. The funding round, initiated last year, is expected to close soon after experiencing delays.
The utilization of high-quality data from X (previously Twitter) by XAI and its flagship chatbot Grok distinguishes it in the generative AI field. This advantage may eliminate the necessity for partnerships with content providers, giving XAI a unique position compared to OpenAI.
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