Elon Musk's xAI says it raised $6 billion to develop artificial intelligence (2024)

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Elon Musk's xAI says it raised $6 billion to develop artificial intelligence? ›

A group of investors will put up $6 billion to fund development of artificial intelligence by Elon Musk's xAI. The company said on its website Sunday that the Series B funding round will be used to take xAI's first products to market and speed up research.

He said, "Probably none of us will have a job. If you want to do a job that's kinda like a hobby, you can do a job. But otherwise, AI and the robots will provide any goods and services that you want."

Elon Musk at the U.S. Capitol in July. Samuel Corum—Bloomberg/Getty Images. Elon Musk's artificial intelligence startup, xAI, could assist in the development of key Tesla initiatives and share in some of the EV maker's revenue, sources told the Wall Street Journal.

Musk has been described as believing in longtermism, emphasizing the needs of future populations. Accordingly, Musk has stated that artificial intelligence poses the greatest existential threat to humanity.

Initial Announcement. The development of Grok AI was first announced by Elon Musk at xAI in November, 2023. This initial announcement generated significant excitement & anticipation within the tech community.

The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone. It will change the way people work, learn, travel, get health care, and communicate with each other. Entire industries will reorient around it.

Jeff Bezos Says AI Is 'More Likely To Save Us Than Destroy Us' As Amazon Launches AI Bot Built To Extract Your Business Details.

IBM. What is explainable AI? Explainable artificial intelligence (XAI) is a set of processes and methods that allows human users to comprehend and trust the results and output created by machine learning algorithms. Explainable AI is used to describe an AI model, its expected impact and potential biases.

xAI does not have a publicly available stock price because it is privately held and not traded on public stock exchanges. Through the Tape D™ database from Nasdaq Private Market, you can view xAI share price and other valuable private market data.

x.AI Founder Dennis Mortensen.

What is the biggest threat to mankind with AI? ›

Dangerous capabilities

Advanced AI could generate enhanced pathogens, cyberattacks or manipulate people. These capabilities could be misused by humans, or exploited by the AI itself if misaligned.

Physicist Stephen Hawking, Microsoft founder Bill Gates, and SpaceX founder Elon Musk have expressed concerns about the possibility that AI could develop to the point that humans could not control it, with Hawking theorizing that this could "spell the end of the human race".

Without giving powerful AI systems clearly defined objectives, or creating robust mechanisms to keep them in check, AI may one day evade human control. And if the objectives of these AIs are at odds with those of humans, say Russell and Cohen, it could spell the end of humanity.

xAI Stock $11.97. xAI, founded by Elon Musk in 2023, is an artificial intelligence company working on building artificial intelligence to accelerate human scientific discovery and the developer of a generative AI chatbot called Grok.

xAI owned by Elon Musk close to raising $6 billion | Nasdaq.

Yuval Noah Harari says AI could enslave humanity, author warns against its rapid growth.

Elon Musk's IQ is 160. This estimation is based on high correlation of SAT and IQ. The analysis to estimate his IQ score is grounded in scientific rigor and advanced statistical methods.

Like many people, the experts seemed to have been surprised by the rapid AI progress of the last year and have updated their forecasts accordingly—when AI Impacts ran the same survey in 2022, researchers estimated a 50% chance of high-level machine intelligence arriving by 2060, and a 10% chance by 2029.

Physicist Stephen Hawking, Microsoft founder Bill Gates, and SpaceX founder Elon Musk have expressed concerns about the possibility that AI could develop to the point that humans could not control it, with Hawking theorizing that this could "spell the end of the human race".