I wish he’d just focus on SpaceX or Tesla (the cars, not the robot).
xAI announces series B funding round of $6B
21–30 of 285 posts
Re: xAI announces series B funding round of $6B
#22What is the bull case here? They close the gap to Anthropic and become a 4th place player?
Why 4th place? Got a crystal ball of substantiation or is this another case of ordinary Elon bashing?
I would be asking the same question if another company formed in the past year raised $6B to train LLMs. For example, Mistral raised a significantly smaller round at a much lower valuation. Just trying to learn how others see this.
Re: xAI announces series B funding round of $6B
#23> 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?
Yes
You're hired
Re: xAI announces series B funding round of $6B
#24Are 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.
It's literally the first sentence in the link > Our Series B funding round of $6 billion with participation from key investors including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, amongst others.
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Re: xAI announces series B funding round of $6B
#25Earlier 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…
But we know from Google that unless you can definitively solve the "is this sentence real or a joke" datasets like Twitter, Reddit etc are going to be more trouble than they are worth. And Elon's recent polarising nature and the callous nature with which he disbanded the Tesla Supercharger team means that truly talented people aren't going to be as attracted to him as in his early days. They are only going to be ther…
>Twitter Supercharger team
interesting.
Re: xAI announces series B funding round of $6B
#26What is the bull case here? They close the gap to Anthropic and become a 4th place player?
Why 4th place? Got a crystal ball of substantiation or is this another case of ordinary Elon bashing?
Because Microsoft/OpenAI, Google and Meta have unlimited money and servers to throw at AI.
As do Amazon and Apple who aren't just sitting back doing nothing.
So I think even 4th place is putting it nicely. Far more likely to be 6th at best.
Re: xAI announces series B funding round of $6B
#27Are 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.
It's literally the first sentence in the link > Our Series B funding round of $6 billion with participation from key investors including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, amongst others.
The ones that you quoted bring the money not the technical foundation.
Re: xAI announces series B funding round of $6B
#28What is the bull case here? They close the gap to Anthropic and become a 4th place player?
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Re: xAI announces series B funding round of $6B
#29Like how I have questioned so much ridiculous unjustified valuations in the AI space, with the likes of Perplexity, Stability, Inflection, etc which these AI labs are not making enough money to support themselves.
How is xAI worth $24BN? I bet the reason is because Elon Musk.
But until I see a significant jump in xAI making at least $100M+ a quarter, I don't think that is enough to justify that valuation to even be any where near close to Anthropic.
In fact, this means Anthropic should be worth much more and the majority of other AI companies / labs (excluding OpenAI, Midjourney, Cerebras and Groq) to be worth much less.
To downvoters:
To date as of 2024, Anthropic's valuation is around $15BN - $18BN.
So you are telling me that xAI's valuation is justified and should be worth more than Anthropic?
Care to elaborate and discuss? (Especially if you're an insider.)
[0] https://www.nytimes.com/2024/03/27/technology/amazon-anthrop...
Re: xAI announces series B funding round of $6B
#30Unitree is better than Optimus. Qwen et al is better than Grok. BYD is better than Tesla.
> 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 designed by a competent tech company not an old car company. Other brands aren’t on that level yet.