The article discusses Elon Musk’s new artificial intelligence company, ‘X,’ which has raised $370 million in a funding round led by Musk himself. The key points are: 1) X is a rebranding of Twitter’s code-name ‘X.AI’ and aims to create an AI that can understand the world. 2) Musk invested $304 million in the funding round, with other investors including former YouTube executive Hunter Walk and venture capitalists Marc Andreessen and Chris Dixon. 3) The funding values X at around $4 billion. 4) X will focus on developing AI models that can be trained on the vast amount of data on Twitter. 5) Musk plans to integrate X’s AI capabilities into Twitter and other products like Tesla’s self-driving software. 6) The move highlights Musk’s ambitions in AI and his belief that Twitter’s data could give him an edge in developing powerful AI systems.
Source: https://www.businessinsider.com/xai-value-twitter-funding-elon-musk-x-2024-11