5 ms·
Elon Musk's xAI raises $6B to fund its race against ChatGPT
- nehagup 2y agoIsn't this the same as what was posted yesterday? https://news.ycombinator.com/item?id=40490721 https://news.ycombinator.com/item?id=40490721
- nabla9 2y ago... as it reportedly seeks to build its own AI supercomputer by late next year. 4 year plan: $100 million for data center building, networks.. $100 million for personnel etc. $1b for electricity and misc. $800m for center hardware from different vendors $4B for Nvidia hardware ===== $3.6B Nvidia profits
- verdverm 2y agoGoing to be hard to compete when they are being outspent by MSFT, Google, and Meta on an individual basis. Elon's rep has taken a big hit since his Twitter fiascos. I won't touch his company products anymore
- hnburnsy 2y agoLooks like a who's who of investors disagree... >The company, xAI, says that it has secured $6 billion in a new round of funding that values it at $24 billion. Investors in the round include Fidelity, Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Prince Alwaleed Bin Talal and Kingdom Holding, and others.
- verdverm 2y ago1. They haven't given xAI more money than any of the other companies I listed are investing in themselves 2. The who's who of investors are not representative of the public or its sentiment. It's an elite club or cartel to some
- Zigurd 2y agoAndreessen Horowitz also invested in Adam Neuman's new thing. Overpriced small apartments I think it was.
- verdverm 2y agoa16z also seems to have sunk cost fallacy with crypto startups too
- throwconman 2y agoWow Elon Musk is a genius. Geniuses like this what makes America rich and no1. /s