xAI announces series B funding round of $6B

#1

Post by frisco » Mon, May 27, 2024, 5:30 AM UTC

xAI announces series B funding round of $6B
x.ai

Re: xAI announces series B funding round of $6B

#2

Post by chambo622 » Mon, May 27, 2024, 5:53 AM UTC

What is the bull case here? They close the gap to Anthropic and become a 4th place player?

Re: xAI announces series B funding round of $6B

#3

Post by blackeyeblitzar » Mon, May 27, 2024, 5:56 AM UTC

chambo622 wrote: post #2

What is the bull case here? They close the gap to Anthropic and become a 4th place player?

Unique data set. And Elon. And with Elon, comes a great set of talent. From https://x.ai/about

> Our team is led by Elon Musk, CEO of Tesla and SpaceX. Collectively our team contributed some of the most widely used methods in the field, in particular the Adam optimizer, Batch Normalization, Layer Normalization, and the discovery of adversarial examples. We further introduced innovative techniques and analyses such as Transformer-XL, Autoformalization, the Memorizing Transformer, Batch Size Scaling, μTransfer, and SimCLR. We have worked on and led the development of some of the largest breakthroughs in the field including AlphaStar, AlphaCode, Inception, Minerva, GPT-3.5, and GPT-4.

They are already competitive despite the late start: https://x.ai/blog/grok-1.5v

Re: xAI announces series B funding round of $6B

#4

Post by [deleted] » Mon, May 27, 2024, 5:57 AM UTC

chambo622 wrote: post #2

What is the bull case here? They close the gap to Anthropic and become a 4th place player?

[deleted]

Re: xAI announces series B funding round of $6B

#5

Post by dagmx » Mon, May 27, 2024, 5:59 AM UTC

Are there any notable people associated with this other than Elon?

I’m curious what they’re bringing to the table to be able to fetch that valuation.

Re: xAI announces series B funding round of $6B

#6

Post by lionkor » Mon, May 27, 2024, 6:00 AM UTC

> The company’s mission is to understand the true nature of the universe.

I yawned so hard my jaw unlocked.

Can't wait to see groundbreaking... checks notes... "advancements in various applications, optimizations, and extensions of the model".

Do these companies only hire yes men?

Re: xAI announces series B funding round of $6B

#7

Post by infotainment » Mon, May 27, 2024, 6:00 AM UTC

blackeyeblitzar wrote: post #3

chambo622 wrote: post #2

What is the bull case here? They close the gap to Anthropic and become a 4th place player?

Unique data set. And Elon. And with Elon, comes a great set of talent. From https://x.ai/about > Our team is led by Elon Musk, CEO of Tesla and SpaceX. Collectively our team contributed some of the most widely used methods in the field, in particular the Adam optimizer, Batch Normalization, Layer Normalization, and the discovery of adversarial examples. We further introduced innovative techniques and analyses such as…

Does it, though? That was probably true pre-X™, but it seems like the primary selection metric has gone from “competence” to “doesn’t ever contradict Elon”

Re: xAI announces series B funding round of $6B

#8

Post by belter » Mon, May 27, 2024, 6:01 AM UTC

chambo622 wrote: post #2

What is the bull case here? They close the gap to Anthropic and become a 4th place player?

Elon Musk is planning to invoice the AI ....to Tesla and X a la Adam Neumann....

https://www.ft.com/content/2a96995b-c799-4281-8b60-b235e84ae...

Re: xAI announces series B funding round of $6B

#9

Post by floppiplopp » Mon, May 27, 2024, 6:02 AM UTC

Anything Musk is now too many inferior products and broken promises for any sensible investor. Might as well just burn the money.

Re: xAI announces series B funding round of $6B

#10

Post by stealthcat » Mon, May 27, 2024, 6:03 AM UTC

Unitree is better than Optimus.

Qwen et al is better than Grok.

BYD is better than Tesla.