Elon Musk’s new artificial intelligence company, XAI, is in conversations to raise new fines that could up to $ 120 billion, compared to $ 80 billion a little over a month, two people said with knowledge of the discussions.
The conversations are in the early stages, and the XAI assessment could increase or fall as the conversations advance, people who spoke on condition of anonymity said. Investors have argued to put $ 20 billion in the company, they thought the figure could also change.
The conversations follow a great effort to collection of Operai funds, the new San Francisco company that makes Chatgpt, which said in March that it had closed a financing round that valued it at $ 300 billion. Operai launched the AI tree at the end of 2022 with the launch of Chatgpt, triggering an increase in financing for other AI companies, including XAI.
Now Xai is intertwined with X, Mr. Musk’s social media company. In March, he said he had sold X to Xai. The agreement of the entire stock valued XAI at $ 80 billion YXA $ 33 billion, Musk said. The previous valuation of XAI, of a December fundraising round, was approximately $ 40 billion.
Grok, the chatbot made by XAI, is trained in the data published by the users of X and is available in X. Bankers for X to investors this year some of the income of the social media company come from XAI.
The enthusiasm among the investors of the AI companies cooled at the end of last year, since several new high -profile companies were giants interspersed essentially like Google and Amazon. But Xai and OpenAi are the few who continue to seek billions in funds to build the main technologies of AI.
Mr. Musk did not respond to a request for comments on XAI. The details of the conversations were previously reported by Bloomberg.
(The New York Times has sued Openai and his partner, Microsoft, for the violation of the copyright of the news content related to AI systems).
Mr. Musk helped Found Openai in 2015, along with businessman Sam Altman and others. The separate roads with the organization about two years later, after a dispute over their direction. At that time, Operai was structured as a non -profit organization.
After Mr. Musk left Openai, Mr. Altman transformed it into a profit operation so that he could increase the huge amounts of money necessary to build AI technologies. These technologies learn skills analyzing large amounts of digital data, which may require hundreds of millions of dollars in computer energy.
After the chatgpt launch in 2022, Mr. Musk created XAI to build similar technology. Almost at the same time, Mr. Musk Sed Openai, arguing that Openai and two of its founders, Mr. Altman and Greg Brockman, violated the company’s foundation contract by putting commercial interests ahead of the public good. Mr. Musk dropped the lawsuit months later, before reliving it in a federal court in August.
