Elon Musk’s artificial intelligence company, Xai, has secured $102 million in a Series C funding round led by Grok Ventures, with participation from NVIDIA and other investors. The funding will be used to develop advanced microchips for AI systems, aiming to create more powerful and efficient AI hardware. Xai’s approach involves training AI models on massive datasets to improve their performance and capabilities. The company plans to leverage NVIDIA’s expertise in GPU technology to accelerate its chip development efforts. Musk has been a vocal proponent of AI safety and has warned about the potential risks of advanced AI systems if not developed responsibly. With this funding, Xai aims to push the boundaries of AI hardware while prioritizing safety and ethical considerations.
Source: https://www.businessinsider.com/elon-musk-xai-series-c-funding-round-grok-nvidia-microchips-2024-12