OpenAI has filed court documents showing that Elon Musk, who is currently suing the company over its shift to a for-profit model, previously attempted to gain majority control of OpenAI as a for-profit entity in 2017. According to emails cited in the filing and reproduced in this blog post, Musk demanded 50-60% equity ownership, the …
Elon Musk’s artificial intelligence company xAI has secured $6 billion in new funding from 97 investors, according to a U.S. Securities and Exchange Commission filing on Thursday. Kyle Wiggers reports for TechCrunch that the minimum investment was $77,593, with expected participants including Valor Equity Partners, Sequoia Capital, and Andreessen Horowitz. The funding doubles xAI’s total …
Elon Musk’s artificial intelligence company xAI plans to increase its Colossus supercomputer capacity to more than 1 million graphics processing units. According to a report by Stephen Morris and Tabby Kinder in the Financial Times, the expansion will take place at the facility in Memphis, Tennessee. The current system, built in just three months, already …
Elon Musk has filed a preliminary injunction against OpenAI and Microsoft in California’s Northern District Court to prevent OpenAI’s transition to a for-profit entity. According to tech journalist Kyle Wiggers reporting for TechCrunch, the filing accuses OpenAI’s leadership, including CEO Sam Altman and Microsoft, of anticompetitive behavior and self-dealing. The motion claims the defendants are …
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 …