December 23, 2024 8:17 AM | 1 min read xAI is also preparing a site, Grok.com, to make the chatbot accessible on the web, TechCrunch reports. Grok was previously available only to X’s paying subscribers. In November, the company started testing a free chatbot version and rolled it out to all users earlier this month. The company’s chatbot image generator model allows users to create images using pictures of public figures and copyrighted material. xAI has reportedly reached a $50 billion valuation just 16 months after its July 2023 founding, surpassing the billionaire’s spending on acquiring Twitter. OpenAI, one of the most recognized names in artificial intelligence, took over nine years to reach its current valuation of $157 billion. Reportedly, xAI is rapidly gaining momentum in the competitive AI market, now valued higher than rivals like Anthropic, worth $19 billion, and Perplexity, valued at $2.8 billion. xAI achieved significant milestones by securing $5 billion in its latest funding round to acquire 100,000 Nvidia chips. These chips will drive the Memphis supercomputer, a facility built to advance the company’s AI capabilities and bolster Tesla’s Full Self-Driving (FSD) technology. Also Read: