The funds will be used to bring the first xAI products to market, build innovative infrastructure, and accelerate research and development of future technologies.
Elon Musk’s xAI has raised $6 billion in a Series B funding round backed by venture capital firms Andreessen Horowitz and Sequoia Capital. Bloomberg reported this.
It is noted that the fundraising, announced on May 26, comes less than a year after the debut of xAI and marks one of the largest investments in the development of artificial intelligence tools.
Musk’s AI development is closely related to X.com, the social network formerly known as Twitter, where xAI started with the Grok AI service.
The funds will be used to bring the first xAI products to market, build innovative infrastructure, and accelerate research and development of future technologies.
We remind you that Microsoft intends to invest about $2.9 billion in the development of cloud infrastructure and artificial intelligence in Japan over the next two years.
The Council of Europe announced the adoption of the first convention on the protection of human rights and democracy in the context of the development of artificial intelligence (AI) technologies.
Source: korrespondent
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