Recently, news about the financing progress of Elon Musk’s artificial intelligence company xAI has attracted attention. There are reports that xAI has completed 50% of its US$1 billion financing goal, and the company’s valuation is between US$15 billion and US$20 billion. However, Musk himself quickly denied the claims and said the valuation could change in the coming weeks. xAI was founded in July 2021. The Grok chat robot it launched is competing fiercely with OpenAI’s ChatGPT and Google’s Bard, trying to occupy a place in the AI market. This incident once again highlights the fierce competition in the field of artificial intelligence and the uncertainty of related information.
Billionaire Elon Musk has denied reports that his artificial intelligence company xAI has reached 50% of its $1 billion funding target. Reports put xAI's valuation at between $15 billion and $20 billion, but the valuation could change in the coming weeks. xAI was founded in July 2021, and its Grok chatbot aims to compete with OpenAI's ChatGPT and Google's Bard.The authenticity of xAI’s financing progress and valuation news has yet to be further confirmed, but its competition with ChatGPT and Bard is already very clear. The future development trend of the AI field and the final performance of xAI deserve continued attention. Musk’s denial also reminds us that in the era of information explosion, we need to be cautious about unconfirmed news.