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Elon snags $6b to challenge ChatGPT👀

Elon Musk’s AI startup, xAI, has secured $6 billion in a Series B funding round, with backing from Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity, Prince Alwaleed Bin Talal, and Kingdom Holding. This aligns with TechCrunch’s earlier report on xAI’s fundraising at a pre-money valuation of $18 billion. Musk's social network, X, also holds a stake in xAI.

Musk, a co-founder of OpenAI, now competes with it and others like Micros/oft and Alphabet. xAI released its ChatGPT-rival Grok 1.0 last November, followed by Grok 1.5 in April. The new funds will help xAI launch products, build infrastructure, and accelerate R&D. The company aims to develop “truthful” AI systems, though Grok has been reported to generate misleading information. Source

GPT 5 is coming? 🤔

OpenAI is developing a new AI model to replace GPT-4, aiming for artificial general intelligence (AGI). Details are scant, but executives tout it as a significant advancement.

OpenAI is training a new cutting-edge AI model, hinting at the possibility of it being GPT-5. Executives anticipate this model will elevate capabilities toward artificial general intelligence (AGI). While details are limited, including its name, the company emphasizes its significance. source

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