Elon Musk blasted a CNBC report that claimed his agency, xAI, has raised $15 billion as “false.”
The news outlet reported that xAI has added $5 billion to a $10 billion spherical it reported on two months in the past, citing nameless sources.
That $10 billion spherical valued the corporate at $200 billion, CNBC acknowledged in September. Musk beforehand referred to as that report improper, too.
Asked for remark, xAI advised the The Post, “Legacy Media Lies,” an obvious automated reply.
CNBC didn’t instantly reply to The Post’s request for remark.
Sources advised the information outlet the corporate is planning to make use of the recent funding to make graphic processing models for superior massive language fashions.
Tech giants have been spending huge on AI infrastructure – even as some buyers have gotten weary that AI shares are being overvalued — a view that appeared to spark a massive sell-off last week.
Musk’s AI startup, which was based in July 2023, has been speeding to construct out huge knowledge facilities to compete with rivals like OpenAI.
In explicit, xAI has centered on shopping for up land in Memphis, Tenn., to construct out its deliberate Colossus supercomputer, sparking some controversies alongside the best way.
Environmentalists have decried the usage of pure gas-burning generators, arguing they worsen the encompassing space’s air high quality.
Also, some critics have accused his Grok chatbot and Grokipedia – an AI-powered different to Wikipedia – of bias, although others have praised the site for taking a extra impartial stance than lefty Wikipedia.
Lately, Musk has been centered on integrating his many enterprise ventures.
In March, xAI acquired Musk’s social media firm X, previously recognized as Twitter, in a deal that valued the platform at $33 billion.
Some newer Tesla fashions characteristic xAI’s Grok chatbot of their “infotainment” methods, whereas xAI has bought tens of tens of millions of {dollars} value of Tesla’s battery power storage methods to be used in its knowledge facilities.
During the annual shareholder assembly final week, Tesla buyers approved Musk’s $1 trillion pay package after he threatened to depart if he didn’t get it.
The eye-popping pay plan is the biggest on report and will make Musk the world’s first trillionaire. He must hit a sequence of bold efficiency targets over the subsequent decade to obtain the overall sum.
Tesla buyers didn’t, nevertheless, approve a measure to permit the electric-vehicle maker to put money into xAI.