Elon Musk’s artificial intelligence company, XAI, has secured a staggering $6 billion in funding from various investors, including tech giants and venture capitalists. The funding round, led by Sequoia Capital and Andreessen Horowitz, values XAI at a whopping $30 billion. The influx of capital will be used to accelerate XAI’s research and development efforts in the field of artificial general intelligence (AGI), which aims to create AI systems with human-level reasoning and problem-solving capabilities. XAI’s ambitious goal is to develop safe and ethical AGI that can benefit humanity while mitigating potential risks. The company plans to invest heavily in cutting-edge technologies, such as neural networks, machine learning, and natural language processing. Additionally, XAI will focus on developing robust AI governance frameworks and exploring ways to align AI systems with human values. Musk, who has been vocal about the potential dangers of advanced AI, believes that XAI’s approach to AGI development will ensure that the technology remains under human control and serves the greater good.
Source: https://www.cnn.com/2024/05/27/tech/elon-musk-xai-6-billion-funding/index.html