• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Elon Musk’s AI Company xAI To Raise $6 Billion: Report

OMMCOM NEWS by OMMCOM NEWS
April 26, 2024
in Business

New Delhi: Taking on Sam Altman-run OpenAI, Elon Musk-run xAI is reportedly raising at least $6 billion at a valuation of about $18 billion.

The 10-month-old company by the tech billionaire, which has unveiled an AI chatbot called ‘Grok’, is expected to close the deal in the next few weeks, reports TechCrunch, citing sources.

“Sequoia Capital and Future Ventures, the venture fund co-founded by Musk’s long-time friend Steve Jurvetson, are participating in the round,” the report mentioned.

Other participants are likely to include Valor Equity Partners and Gigafund VC firms.

Musk or xAI did not immediately comment on the report.

The Tesla and SpaceX owner had co-founded OpenAI in 2015 but left its board in 2018 over disagreements with its board.

xAI company is currently hiring engineers and designers, apart from people for product, data and infrastructure verticals.

The AI company is offering employee benefits like competitive cash and equity-based compensation, medical, dental and vision insurance and unlimited paid time off.

Founded in 2023, xAI unveiled its first AI product in November last year.

AI chatbot ‘Grok 2’ is now in training and will “exceed all expectations” when it is released, said Musk.

Tags: AIElon Musk
ShareTweetSendSharePinShareSend
Previous Post

INDIA Bloc Aims To Divide Country On Religious Grounds: UP CM Yogi Adityanath

Next Post

PM Modi Roasts Cong, Says Former PM’s Video On ‘Priority For Muslims’ Demolishes Its Canards

Related Posts

Business

Gold-Silver Remains Bullish This Week, Hitting All-Time Highs

October 4, 2025
Business

Indian Stock Market Ends Holiday-Shortened Week On Positive Note

October 4, 2025
Business

RBI Proposes Easier Rules For Companies To Raise Foreign Currency Loans

October 3, 2025
Business

Banks To Clear Cheques On Same Day From Oct 4 Over RBI Guidelines

October 3, 2025
Indian Stock Market
Business

Sensex, Nifty Open Lower Over Sustained FII Selling

October 3, 2025
Business

India’s Trade Stance With US ‘Good, Disciplined’: Ex-US Official

October 3, 2025
Next Post
Narendra Modi

PM Modi Roasts Cong, Says Former PM's Video On 'Priority For Muslims' Demolishes Its Canards

'Committed To Development': Amit Shah Bats For Jyotiraditya Scindia In Guna

Sheikh Shahjahan

CBI Recovers Huge Cache Of Arms, Explosives From House Of Shahjahan’s Relative At Sandeshkhali

Khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.