- xAI targets multibillion-dollar raise at $40B valuation
- Company deploys massive GPU cluster for next-gen AI
- Platform gains edge through X data access
Money Talks
Fresh off its $6 billion Series B round in May, Elon Musk’s xAI now seeks several billion more dollars in funding.
The Wall Street Journal reports the AI startup aims to nearly double its valuation to $40 billion, marking dramatic growth since its 2023 launch.
Building the Machine
The company moved into OpenAI’s former headquarters and deploys 100,000 Nvidia GPUs to train next-generation Grok models.
Their enterprise API rollout signals serious business ambitions beyond X platform integration.
Data Advantage Play
X’s recent privacy policy update allows xAI to train on platform data, supporting Musk’s claim of competitive edge.
The company leverages this unique position to power its Grok model, setting up for potential market disruption.
