Elon Musk’s xAI receives another $6B in funding as Grok app looms | Mashable.
Elon Musk’s xAI receives another $6B in funding as Grok app looms
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| Elon Musk’s xAI receives another $6B in funding as Grok app looms Credit: Photo by Anna Moneymaker/Getty Images |
Elon Musk's AI company, xAI, raised another $6 billion in funding, TechCrunch reported via the U.S. Securities and Exchange Commission.
The filing reports that each investor, of nearly 100, had to give a minimum of $77,593. The investors were not named in the filing, but X wrote in a press release that key investors included "A16Z, Blackrock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, and Vy Capital, amongst others."
SEE ALSO:xAI could release a standalone Grok app soon
"xAI’s most powerful model yet, Grok 3, is currently training and we are now focused on launching innovative new consumer and enterprise products that will leverage the power of Grok, Colossus, and X to transform the way we live, work, and play," the press release stated. "The funds from this financing round will be used to further accelerate our advanced infrastructure, ship groundbreaking products that will be used by billions of people, and accelerate the research and development of future technologies enabling the company’s mission to understand the true nature of the universe."
Tech Crunch reported that this doubles xAI's total raised funds and brings it to $12 billion. According to CNBC, xAI was aiming for a $50 billion valuation in November. Forbes reported on Monday that the valuation has reached over $40 billion since the $6 billion funding bump.
xAi is butt
ReplyDeletePower tends to corrupt and absolute power corrupts absolutely
ReplyDeleteParasite.
ReplyDeleteUS tax dollars being funneled to Elon Musk in ever increasing amounts.
ReplyDeletexAI's valuation was just boosted to over $40 billion. HAPPY and MERRY for whatever you celebrate... Don't forget to celebrate the transformation of humankind..
ReplyDeleteMuahaha 😳🤣
Nå, da, da alle Trump/Musk-haters 🤔
ReplyDeleteLooms is the right word; as in dooms~!
ReplyDeleteThis freak is a wolf in sheep's clothing.
He spreads warnings anout the dangers
of AI etc... while being the number one
monster creating it.
I have more respect for Gates, whom I loath. At least he is upfront about being a villain who wants to slaughter all old people and other "Uselss eaters~!"
GREED, ENVY and OPPORTUNITY operate on “Multipliers” equally well!
ReplyDelete#AI #Ai_X
ReplyDeletesick yes give this fucker more money pls
ReplyDeleteThen pay your diddy Twitter law suits. Stop 🛑 deleting profiles. Freedom of speech and religion.
ReplyDeleteBillions invested into terrorism disguised as novelty entertainment.
ReplyDeleteHe's turning now into Mr. Burns but I'm hoping Mr. Burn was way less ai generation of child porn.
ReplyDeleteNor was Mr. Burns inna scandal that his technology could be used to do so.
Zombie by proxy apocalypse
Bring outcher pedos
Bring out ur pedos
Bring out Gepettos
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Why does a trillionaire need funding?
ReplyDeleteAll I can say is I dumped twitter when he took over and I don't miss the platform at all. True member of the American Greed Department and that will bring down the country eventually as the pions won't have anything left to take..
ReplyDeletehe allows free speech on X
DeleteYa his speech.....
DeleteCisgender.
DeleteThat’s exactly the problem…allows…as long as he dictates what constitutes “free speech“
Deletewhat would you say is "his version" of free speech? Genuinely asking
Deletehahah you are so naive
DeleteIf you have to ask, no answer will suffice…do your own homework…the information is readily available…
DeleteTwitter was a s*** hole.
Deletehttps://media1.tenor.co/m/05DZPfIwsLQAAAAC/triggered-trigger-warning.gif?
DeleteThat all you got? Hiding behind your anonymous profile?
Deleteits a rightoid echo chamber now
DeleteI know
DeleteI need 1 billion for my Space drone ozone blanket project
ReplyDeleteAnd who is paying for all of this?
ReplyDeletetax payers
Deleteno
Deleteif only you read the article, you would know.
Deletewe are, is conflict of interest just a distant memory now 😡
DeleteBecause they pulled the clause banning tech construction in China from the CR... and he's building a Tesla plant and an AI plant in China.
ReplyDeleteGo, Elon, go!
ReplyDeletehttps://t.me/ELONMUSK_TESLA067
Deleteyou are skum
Deleteyes, go home
DeleteThis dude and Elon sitting in a tree... 😂
DeleteYes! GO ELONGATED MUSKRAT!!! GO AWAY…
DeleteWhy are you posting this!
ReplyDelete😂😂
Deletehttps://media1.tenor.co/m/s8fD8Q4n_dUAAAAC/tropicalnorseman-hoberg.gif?
Why doesn't he pay for it? And all of his projects. He doesn't need funding from the government
ReplyDeletelike Gates, Bezos, and the Ukrainian government 😉
Deleteyou are brainwashed
Delete20% of his fortune is fed debt
DeletePlease stop flooding my news feed with artcials about this guy 😡
ReplyDeleteWhen you buy the presidency anything is possible.
ReplyDeleteIs that TikTok?
ReplyDelete🇺🇸💸🇦🇺💸🇲🇽Enhorabuena, has sido seleccionado y has ganado 500.000€ en artículos de lujo 🇳🇱📦📦🇨🇵📦🇺🇸📦y 🇧🇷💸 🇩🇪🇪🇨🇵🇷. 🇪🇦🇭🇷🇨🇦🇸🇰🇸🇻🇬🇧🇽🇰 🇰🇼 🇵🇹🇮🇹 al santo🏡🏠🚗🚐💰💷 del violonchelo Hauser y Dwayne Johnson, Chuck Norris y Dolph Ludgrend Feliz Año Nuevo 🚘🎁🧑🎄🧑🎄negocios. Para más información,🇵🇹🇵🇹🇵🇹
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So much for eliminating wasteful government spending 💰
ReplyDeleteOh nice
ReplyDeletehttps://t.me/ELONMUSK_TESLA067
ReplyDelete🤮
ReplyDeleteJust another scumbag grifter, can't believe he's gonna be president 🤢
ReplyDelete🌷 🌍
ReplyDeleteSmoooke in the moooney
ReplyDeletehttps://media1.tenor.co/m/oBYEpFC73DMAAAAC/stan-twitter-twitter.gif?
🇺🇸💸🇦🇺💸🇲🇽Enhorabuena, has sido seleccionado y has ganado 500.000€ en artículos de lujo 🇳🇱📦📦🇨🇵📦🇺🇸📦y 🇧🇷💸 🇩🇪🇪🇨🇵🇷. 🇪🇦🇭🇷🇨🇦🇸🇰🇸🇻🇬🇧🇽🇰 🇰🇼 🇵🇹🇮🇹 al santo🏡🏠🚗🚐💰💷 del violonchelo Hauser y Dwayne Johnson, Chuck Norris y Dolph Ludgrend Feliz Año Nuevo 🚘🎁🧑🎄🧑🎄negocios. Para más información,🇵🇹🇵🇹🇵🇹
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https://t.me/ELONMUSK_TESLA067
DeleteCc
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Elon the Scary monster to the morons.
ReplyDeleteNot really…he’s just another self serving, self aggrandizing malignant narcissist whiny crybaby…
Deletefrom whence is this "funding". he doesn't NEED funding -- he can manage it on his own.
ReplyDeletepeople like you don't seem to understand that his wealth is tied up in his companies not in his bank account. If he sells shares then they drop in value and everyone that invests loose out.
Deletemaybe trouble your mommy to read the article to you, since you clearly can’t. The investors are listed in it.
Deletehe currently holds over 160 government contracts. That is his funding and that will grow exponentially now that he is president err vice president errr Furher!
Deletehe bought Twitter with Russian and Saudi backing, the value of which is all gone now.
DeleteSo yeah sure he can do everything with aaaaallll his own money.
fact check: without government subsidies, Musk would be broke and Teslas bankrupt. "“The foundation for Musk’s financial success has been the US government,” said Daniel Ives, tech analyst for Wedbush Securities. ... virtually all of his net worth can be pinned to government help. Tesla and SpaceX got started – and survived their early days – with assistance from state and federal policies, government contracts and loans.......n January 2010, Tesla was starting out and had sold less than 2,000 cars in its history. Then the company received a $465 million low-interest loan from the Department of Energy, months before its initial public offering......................................As Tesla started to sell cars, a $7,500 tax credit for EV buyers allowed the company and other automakers to sell American-made EVs at a higher price than the market might‘ve allowed otherwise.
DeleteTesla buyers received federal tax credits worth an estimated $3.4 billion before the perk disappeared entirely for Tesla buyers at the end of 2019.
But Tesla’s most significant financial support is not from tax credits for EV buyers. It comes from the sale of regulatory credits that other automakers buy to comply with state and federal regulations aimed at reducing greenhouse gases.
The money doesn’t come from taxpayers. But without the government regulation, there would be no billions flowing into Tesla’s coffers, and straight to its billion lines.
Those credit sales literally kept Tesla’s lights on, and its paychecks being cashed, in the company’s early days. They accounted for nearly 25% of its revenue in 2008 and 10% of its revenue over the course of the next five years.
Between 2008 and 2019, sales of regulatory credits generated more than $2 billion for the company. Tesla has made $2.1 billion this year by selling regulatory credits to automakers that haven't hit emissions targets.
Credit sales account for 43% of the automaker's profit." That's all federal help; then there is California help: "
Tesla has received more than $3.2 billion worth of direct and indirect California subsidies and market mechanisms since 2009, " including the credits it sells. In gratitude, Musk moved his operations to Texas to avoid paying taxes in the state that saved his business from bankruptcy. He says he moved because of overregulation in California (they also want him to stop the racism in his Fremont factory) but it is precisely California regulations that created the credits it sells which were created for Tesla that saved the company from going under when it was making no profit but from the state-created credits. "Dan Sperling, a member of the Air Resources Board and founding director of the UC Davis Institute of Transportation Studies, said such credits were "the big kahuna" that helped Tesla overcome the steep entry barriers of launching a car company, especially one dependent on new technology.
" Tesla would have gone bankrupt and disappeared without California's ZEV mandate," he said."
Legit thought that was James Gandolfini as Tony Soprano in the picture for a minute. The older Musk gets, the more he looks like what he is.
ReplyDeleteI think he looks like a Bond villain from central casting.
Deletehe's a nobody
Delete, most of the world knows who he is. Only a select few people know who you are.
Deletepretty ignorant comment sis.
Deletenope! I spoke the truth.
Deletedon't insult James Gandolfini like that.
Deleteheh. I was thinking more of the character than the actor.
DeleteA very dangerous guy expanding his power in politics (currently already financing parties in the USA, GB and Germany), able to control the complete world economics with all his money, social media, satellites et cetera. Too rich with too much power, ready to dominate the world. Very unhealthy and a very dangerous combination of factors!
ReplyDeletebut you democrats love George soros and his money.
DeleteI didn’t think anyone could compete with Trump on being a slimeball, and yet, here he is
ReplyDeletejelly much, LOL ... so, you know them both personally? do you always judge everyone, friends, family, FRIENDS ? bet they'd like to know what you really think of them behind closed doors, or to others, huh? your character is showing Allan. lol also, tell me what you know about Agenda 2030 ? im curious ?
Deletebut Biden’s pay to play 55 LLCs were ok? And he never provided a product or service? Then pardons 100’s of people going back for crimes 10 years ago. Maybe you need to see real corruption instead of those about to clean house in corrupt DC. But you will still vote Dem? No me, it’s why I left them. Because they left me.
Deletelol “clean house”. I recall last time he was going to drain the swamp but hired them instead. He’s off to a good start!
DeleteSo if he's so dam rich why does he need tax payers money for funding. Must be nice to have Trump in your back pocket.
ReplyDeleteliterally the second paragraph of the article lists all the investors lmao.
DeleteWhat a low bar has been set for you people I can't even enjoy Facebook anymore. It's like all the most dumb people on Earth in one dumb place lmao.
his stock value can only be used as so much collateral. Fundin an entirely new venture will require outside investment rounds. Since his last rounds proved to return insane success, it appears he didn't have much trouble lining up supporters yet again.
Deleteget some common sense and figure it out like the rest of us. It's 2024 you have every answer you could need in your hand and yet here you are making a fool of yourself smh
Deleteyou realize us tax payers aren't funding his ventures unless you yourself directly invested.
DeleteAnd he's currently the highest payer of taxes in history while Jeff Bezos avoids paying taxes, Musk's paying more
get it together man. Biden was the one handing out the money. Even with Elon saying there should be no subsidies.
DeleteI didnt go to sea with him
ReplyDeleteOr… good business decisions result in good outcomes.
ReplyDeletelike People Dying Trapped in their Burning Car .
Deletesounds government to me..
Deletewow. You fell for big oil propaganda. You are much safer in an EV than you are in an ice car. EV's catch fire WAY less than ice cars.
Deletei did not believe this but it checks out with a quick fact check!
DeleteHowever it should be noted that EV fires are near impossible to extinguish and the chemicals released when the battery catches fire are extremely toxic in comparison to an ICE fire!
that is true but the technology is advancing all the time. Lithium ion batteries are being replaced by Lithium iron phosphate batteries which don't have the same rare earth materials and don't have thermal runaway problems. We're starting to see them in EV's already.
DeleteI am "up" on this technology as i use it for my solar off-grid home.
screwing people out of their hard-earned business only worked well for HIM.
DeleteGood outcomes for Musk only.
Deletebingo
DeleteHe didn't invest $300M for nothing. He's reaping that investment back in kickbacks.
ReplyDeleteits not kickbacks , he has just been unburdened by what has been.
Deleteno kickbacks. it's called investors. kickbacks ate different its like when the big guy took CCP money for sport..
DeleteI see you read the article carefully and saw that it was private investors before you displayed your ignorance.
DeleteThat’s not efficient government spending he. Should cut that instead of. Disabled vets funding
ReplyDeleteit wasn’t government funding. Read the article. But I’m with you on government funding, businesses should have government funding capped at a percent of the tax they pay.
DeletePretty sure he's close to being the smartest human being on Earth! It's called investments!
ReplyDeleteomg. Someone told you that and you actually believed them. lol
DeleteHow many people do you know that build rockets that go into outer space? Plus bring them back? Technology is insane!
DeleteYou do realize that HE isn't the one who is actually doing that? He has engineers and other well educated, intelligent people who do all that for the company. He is nowhere near the smartest human being on earth, but we can't say that about Mars. Maybe that's why he wants to go there?
DeleteWho makes it happen?
Deletehow does inheriting money make someone intelligent? It doesn't. That's not how intelligence works.
DeleteHe didn't inherit rocket building... that's how he utilized the money! The frick'in dude is brilliant! The CNN stuff is old news!
DeleteWho said he inherited rocket building? That makes no sense. He inherited money. HE doesn't build rockets, he doesn't know how. He has to hire intelligent, educated people to design and build them for his company. It's common knowledge, which means everyone knows this. Why don't you?
DeleteDe facto President Elon Musk, you voted for him not Trump.
ReplyDeleteI wish. But Trump will be President, and Musk only an advisor. But I am sure they will do a fantastic job.
DeleteMaybe he'll go to Mars and stay there 😆🛸
ReplyDeleteWhere's the fingers crossed meme?
DeleteHe won’t live forever
ReplyDeleteNeither will you but what you say will be irrelevant.
DeleteWasn’t musk against AI?
ReplyDeleteHe is against other people making money form AI.
Deletenot at all. He was one of the benefactors of ChatGPT before they changed their policies. Hence why he split to make his own
DeleteNo. he was warning people about the possible dangers.
DeleteOrsnt matter wat ur against if it makes u money go for it
DeleteMy goodness, people, so much judging when it's very unlikely anyone knows the details.
ReplyDeleteWe know enough to know he’s a liar and a conman. That’ll do for now.
DeleteI don't need to know all the details to know what kind of person he is. He is blatant about it.
DeleteThe only perfect person that ever walked the Earth was Jesus and they crucified Him.
DeleteAnd I don't need to know every detail about Him to know what kind of person HE was. He was also blatant about it.
DeleteI came here to witness the seething
ReplyDeleteMusk and.vivek should not be in any government positions
ReplyDeleteCan u spell conflict of interest.
Therefore they are not a part of the official government but are working as outside advisors.
DeleteIs it just me or is Musk evolving into Ebenezer Scrooge
ReplyDeleteWhat a gruesome looking fellow* he hasn't got much going for him* I can understand why he's going for the money lol 😂😂😂
ReplyDeletegot the rothchild posture now
ReplyDeleteTrust no man.
ReplyDeleteNone of it's real 🤣🤣🤣🤣
ReplyDeleteI'm so happy he bought twitter.
ReplyDeleteThat was the death nail for the US bolsheviks.
Do you mean death knell?
DeleteThe entire reason he bought the presidency. It’s his get even richer quick sceme.
ReplyDeleteAll the haters giving him all this attention in the attempt to try and destroy him, are driving his companies values to mars! 😂🤣😂
ReplyDeleteFor now. Soon be time to get out before the crash.
Deletewhat crash is that? The same one they said we were going to have last time Trump was in office?
DeleteThat is all Trump and his MAGA lunatics have as ammunition ,childish,immature name calling.
ReplyDeleteWe love Elon
Deleteyou call MAGA lunatics and childish do you hear yourself look in the mirror
Deletelook in the mirror and you'll see an idiot.
Delete"everyone I don't like is maga"
DeleteI can say nothing good about him ... except that his grandmother and aunt who lived in Canmore were wonderful people, and I am thankful that I got to know them.
ReplyDeleteWhy can’t he use his own money instead of these fundings, even NASA is funding his SpaceX too, what a rich man getting all kinds of fundings all the time
ReplyDeletethat is because he can do the job
Deletepresident elect Musk !! you all voted him in !!
ReplyDeleteI fully agree. Trump is wanted by the American voters in a great land slide victory so what can anyone say. He has the popular vote and owns the US government in full. Canada is about to do the same with our government. If the people vote them in isn’t that democracy?. Just sit back and let it play out .
Deleteyou think that logic of yours makes sense? I hope so.. normal people don't adapt this kind if logic..but go ahead.. mid terms will glorious.
Deletehis ego says he is going to do the best job in history and you want it to work whether you like him or not .If you or I root against him or any other president we are rooting against ourselves.
Deletebetter than what’s been sitting in the Oval Office.
Deletemaster in using other people's money.
ReplyDeletewhat like many other great Business people
Deletesome are really good examples, lol how not to be, how not to act. oh and be all up in others' business too. wth. worry about your own finances and your own backyard, until YOU are perfect ? LMAO, which character is showing so much I've run out of lysol, LOL ... i know some who will never be welcomed at our ranch sanctuary's bonfire and chow. .... moldy baggage really does have an odor, lol just sayin' Happy Holidays lovely judgemental people! hugs and all. 😛 lol smh
ReplyDeleteGo, Elon, go!
ReplyDeleteVice President Trump is going to mad at you guys for supporting President Elon
DeleteI would never ever spend a single cent for this unscrupulous person, obsessed with power, or one of his fundings.
ReplyDeleteso what do you have to say about Biden, Clinton. George Soros, Rothchilds, Rockefellers and other the other crime masters? Now, we finally have someone recognizing the corruptions and standing up to them.
Deleteyeah we did so well with the Biden crime family who couldnt earn or create anything. Finally some competence
Delete