2024-05-29: Memorial Day Shenanigans
xAI joins the elite group of companies vying for AGI dominance, fueled by a $6 billion investment round. The race for artificial general intelligence intensifie
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Here’s today at a glance:
🎖️ Memorial Day Shenanigans
On Sunday, the news broke of Elon Musk’s x.ai securing a $6 billion series B funding round.
xAI is pleased to announce...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.x.ai
X is likely the last firm to make the window of opportunity for AGI. In order to have anywhere near a chance of hitting the target first, you need:
A strong core of talent (your 1 in a million mathematician/engineer)
Billions of dollars of GPUs and data center capacity
Buying a ticket for this group next year will likely require a fee in the tens of billions of dollars.. amounts that would strain even …
