Elon Musk’s artificial intelligence company xAI has raised $11 billion and reached a $50 billion valuation in its quest to surpass OpenAI. According to reporting by Meghan Bobrowsky, Berber Jin, and Tom Dotan for The Wall Street Journal, Musk launched xAI in summer 2023 after leaving OpenAI in 2018. His company built a massive data center called Colossus in Memphis in just 122 days, featuring 100,000 Nvidia GPUs. While xAI’s chatbot Grok is currently only available to X subscribers (formerly Twitter) and generates about $100 million in annual revenue, the company plans to launch a standalone consumer app. The startup relies heavily on Musk’s other companies, including X (formerly Twitter) and SpaceX, for revenue and data, though it faces significant competition from established players like OpenAI, Google, and Meta.