In just 16 months, Elon Musk’s AI startup xAI has soared to a remarkable valuation of $50 billion, showcasing a meteoric rise in the AI landscape.
While it took OpenAI nine years to reach the $50 billion mark, Musk’s approach enabled xAI to achieve this valuation with a mere 12-person team, illustrating rapid growth.
Comparatively, rival AI firms like Anthropic and Perplexity have not yet reached the $50 billion milestone, with valuations significantly lower at $19 billion and $2.8 billion respectively.
Valuating xAI alongside established companies like Shein, Revolut, and Stripe highlights Musk’s significant impact in the AI sector, entering a competitive space with impressive speed.
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