Billionaire Elon Musk on Thursday mentioned on X the CNBC report of his synthetic intelligence startup xAI elevating $15 billion in a sequence E funding spherical was “false.”
The newest CNBC report mentioned the capital increase added one other $5 billion to the $10 billion spherical that valued xAI at $200 billion.
Musk had additionally denied the information channel’s earlier report, which mentioned the agency was elevating $10 billion.
XAI, in what appeared like an automatic reply, mentioned “Legacy Media Lies” in response to a Reuters request for remark on the most recent fundraise.
The AI startup has been ramping up its knowledge heart capability to coach extra superior fashions, because it appears to be like to compete extra successfully with OpenAI’s ChatGPT and Anthropic’s Claude.
Lots of the cash raised will fund graphics processing models that underpin massive language fashions, CNBC reported earlier within the day.
Investor enthusiasm in synthetic intelligence companies has remained robust whilst fears of an AI bubble emerge because of sky-high valuations and big spending plans.
XAI, which was launched in July 2023 as an alternative choice to OpenAI’s ChatGPT, is additionally investing closely to increase its personal infrastructure by shopping for property in Memphis, Tennessee, to construct out its deliberate Colossus supercomputer.
Musk didn’t reply to a Reuters request for remark.