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Elon Musk's AI startup raises $6bn for market expansion

“xAI will continue on this steep trajectory of progress over the coming months, with multiple exciting technology updates and products soon to be announced,” the startup said.

Musk’s company is primarily focused on the development of advanced AI systems that are truthful, competent, and maximally beneficial for all of humanity.

“There will be more to announce in the coming weeks,” billionaire businessman Musk said in a post on X in response to the announcement of the funding.

From the announcement of the company in July 2023 to the release of Grok-1 on X in November, to the recent announcements of the improved Grok-1.5 model with long context capability and Grok-1.5V with image understanding, xAI’s model capabilities have improved rapidly.

With the open-source release of Grok-1, xAI has opened doors for advancements in various applications, optimisations, and extensions of the model.

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