Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal, and Kingdom Holding,” as the company stated in a blog post.
Since the announcement of the company last year in July and its release in November 2023, the Grok-1.5 model has improved considerably. The artificial intelligence software has now improved its context capabilities and has the ability to understand images. The AI model is improving daily and getting better and better at delivering appropriate answers, and it will even have the option to exist as an extension for other applications.
“xAI will continue on this steep trajectory of progress over the coming months, with multiple exciting technology updates and products soon to be announced. The funds from the round will be used to take xAI’s first products to market, build advanced infrastructure, and accelerate the research and development of future technologies.” states the company.
Even more so, Elon Musk sued OpenAI in February after the company violated its nonprofit mission and partnered with the tech giant - Microsoft. Musk left OpenAI in 2018, last year stating that he was disappointed by what the company had become, “not what I intended at all.". Even more so, Musk expressed that the OpenAI was supposed to be an open-source company, hence its name. “OpenAI was created as an open source (which is why I named it 'Open' AI), non-profit company to serve as a counterweight to Google, but now it has become a closed source, maximum-profit company effectively controlled by Microsoft," Musk stated.
xAI's purpose is to create the best artificial intelligence software. The company announced that in the next months, many new technologies will be launched, and new products will be available to the public. The startup wishes to develop and build artificial intelligence products that are “competent and maximally beneficial for all of humanity”. xAI also stated that the “company’s mission is to understand the true nature of the universe”, which is what they have been working on.
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