Elon Musk’s xAI raises $6B to bolster battle against OpenAI
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions
Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million a year. For comparison, Anthropic is reportedly on pace to generate $1 billion in revenue this year, and OpenAI is targeting $4 billion by the end of 2024.
Cathie Wood is the founder of Ark Investment Management, which operates several tech-focused exchange-traded funds. Wood ...
Washington Examiner on MSN6h
OpenAI expands DC numbers as they expect friendlier reception by Trump administrationOpenAI is hoping — along with a variety of new hires entrenched ... While the company will have to compete with Musk’s ...
ChatGPT developer OpenAI has announced its new company structure. Non-profit status also plays a role in the new legal form.
OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it ...
OpenAI announced plans to become a public benefit corporation and shed the control of its nonprofit board. Elon Musk and Meta ...
OpenAI plans to restructure into a for-profit company in 2025, highlighting the need for significant capital. This move has ...
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