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xAI announces series B funding round of $6B

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121–130 of 285 posts

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

#121
post #64

Earlier quoted context omitted.

This is a peculiar company mission so not sure why you find it odd to make the official one of xAI. The all-encompassing nature of it seems befitting a company producing increasingly general-purpose AI.

Sure it does. The problem is that they're not producing any general-purpose AI.

X.ai was founded March 2023. That’s one year three months. Is general AI a good first goal? I think most uses, outside of LLM, will be very specialized AI, and unrelated to chat.

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

#122
post #43

Earlier quoted context omitted.

> BYD is better than Tesla cars Are you aware of the recent issues with BYD and other Chinese EV brands? Entire dealerships have gone up in flames from dangerous vehicles. Not lone incidents but tens of dealerships at least, in just this month. Tesla cars may have flaws but there is no way a BYD can be compared to them even on the basics. And Tesla’s software is simply way better and makes it clear that it was design…

> Are you aware of the recent issues with BYD and other Chinese EV brands? No, but I'd like to know more. > Entire dealerships have gone up in flames from dangerous vehicles. Not lone incidents but tens of dealerships at least, in just this month. Wow! Here's one: https://www.bbc.com/news/articles/c2544ndvkepo ( Although no brand is given and it's a " possibly " on being caused by an EV ) Can you provide links to 19…

> However, an investigation later revealed that the fire was started accidentally by a diesel vehicle.

https://cardealermagazine.co.uk/publish/fire-service-has-rea...

Oops.

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

#124
post #118
post #71

Earlier quoted context omitted.

“The company’s mission is to understand the true nature of the universe” - There’s no way an LLM is going to get anywhere near understanding this. The true nature of the universe is unlikely to be captured in language.

Considering what’s at Tesla, I don’t think it makes sense to assume they’ll be constraining themselves to text/LLM. But on the philosophical side, if an understanding can’t be communicated, does it exist? We humans only have various movements and vibrations of flesh, sensing those, text, and images to communicate.

> But on the philosophical side, if an understanding can’t be communicated, does it exist?

There are deep mathematical results about our limits to understand things simply because we communicate through finite series of symbols from finite dictionaries. Basically what we can express and prove is infinite but discrete, but there is much larger infinities than that that will be beyond our grasps forever. Things like theorems that are true but can not be proven to be true, or properties on individuals real numbers that exist but can not be expressed.

And there is no reason to believe the universe doesn't have the same kind of thing: it remains to be shown whether or not you can describe or understand the universe with a finite set of symbols.

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

#125

Earlier quoted context omitted.

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…

Unique? You mean tweets? Yeah sure It's 6B down the drain. Saying grok 1.5 is competitive is a joke, if it was any good it would be ranked well in chatbot arena ( https://chat.lmsys.org/ ). Elon is a master in hyping underperforming things and this is no exception.

No, there is no ranking for Grok. It’s not participating.

It would be hard to judge rate of improvement at this point, since the company has only been around for 1.25 years, and grok 1.5 is yet to be released for general access.

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

#126
post #6

> 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?

My take is that Elon’s basically saying:

We don’t give a s%#* about people wanting to use AI to write SEO spam, automate their customer support or generate content to keep the kids quiet. We want to use this tech as a tool to solve real world problems in a way that, looking back 500 years from now, people will see this as a time of innovation, rather than a time of decline.

Wether he’ll succeed is a different question, of course. But such a direction is clearly missing in the other players. They are just too eager to cater to the laziest segment of the economy of bits. They’re about changing pixels on other people’s screen.

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

#127
post #92

What could have they possibly shown to the investors to get that kind of cash thrown at them? Asking for a friend... Did x.ai just become worth more than x.com? We must be nearing the bubble popping...

Elon Musk

Elon Musk The Fragrance

Elon Musk Prada Leather Jacket

Elon Musk Rectangular Sunglasses

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

#129

Did they raise 6B or at 6B valuation?

I would bet money that this is not $6bn in cash that has been raised. It sounds like it is the raise at a $24bn valuation, but I'd bet this is less cash and more varied assets or financial instruments.

Whether it's calling Teslas cheap when accounting for your time spent filling up, taking on significant debt rather than selling company shares as Tesla/SpaceX, or leveraging his personal shares for debt, Musk is always pulling some trick to reach numbers like this. That's not to say these sorts of things aren't common among the ultra-rich, but I get the impression Musk does it at every opportunity.

All this to say that I don't think $6bn in cash changed hands for this, I'd expect there's credit lines secured on Musk's own valuation of the company, possibly service credits from compute providers (this can even be via VCs), or other clever tricks to inflate it.

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

#130
post #126
post #6

> 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?

My take is that Elon’s basically saying: We don’t give a s%#* about people wanting to use AI to write SEO spam, automate their customer support or generate content to keep the kids quiet. We want to use this tech as a tool to solve real world problems in a way that, looking back 500 years from now, people will see this as a time of innovation, rather than a time of decline. Wether he’ll succeed is a different questio…

Also, all previous engineering efforts were about changing scrawley symbols on pieces of paper. /s
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