Open AI rival, xAI is closing on $6B in funding and X, his social network, is already one of its shareholders

OpenAI competitor xAI is about to close its $6 billion funding in the coming weeks. This latest funding of $6 billion was raised on an evaluation of $18 billion, which gives a significant deal to the investors, and is closing now. Before this, they had made changes in the policy of the deal, but later they decided to close it.

This report is coming from a trusted source. As per the sources, “We all received an email that basically said, ‘It’s now $6B on $18B, and don’t complain because a lot of other people want in.” However this has not yet been announced to every investor included in the deal, but it’s just a conversation between a few including Elon Musk.

Grok, competitor of ChatGPT

Since the launch of ChatGPT, there has been high competition among tech companies to launch AI chatbots. Last month, xAI also launched Grok as a competition of OpenAI in the market. With the launch of Grok, the company has stated that this model is trained based on the real-time data of X. With the use of Grok, the users will have access to the real-time data.

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Back in 2015, Musk co-founded OpenAI but later in 2018, he left the company, saying he wanted to focus on the Tesla project. But with that, he has not left his craze for AI technology. So he continued to work on that and launched Grok. but Musk has not stopped here. Now X is planning to introduce Robotics outside Tesla.

Tesla’s humanoid robot, Optimus, is still in the lab and going through many research and development processes. But Musk announced once that later this year, Optimus will be performing tasks in the Tesla factories. He will be soon available to perform human-like tasks to improve the efficiency of the market.

As per the company’s claims, sources are waiting to see the performance of Optimus in the Tesla Factory. But for now, as xAI is closing its $6 billion deal, it is a big move for the investors.