December 24, 2024, 12:48:30 PM IST (Published) 2 Min Read Elon Musk’s AI startup, xAI, has secured $6 billion in a Series C funding round, marking a significant milestone in its mission to develop advanced artificial intelligence systems.Share Market View All A cutting-edge language model with advanced reasoning capabilities. xAI API: Offering developers global, low-latency access to xAI’s foundation models. Aurora: An autoregressive image generation model enhancing multimodal AI understanding and creativity. Grok on X: Integrated with the X platform, enabling real-time world insights, web search, citations, and image generation via Aurora. Earlier in December, the chatbot was made free to all users on the microblogging platform with some limitations. Users previously had to purchase a premium subscription of X to access Grok. The company is also training its most powerful AI model yet, Grok 3, with a focus on launching innovative solutions designed to transform industries and daily life. With this funding, xAI aims to push the boundaries of AI technology while staying committed to building systems that are truthful, competent, and beneficial for humanity. The company is actively hiring talent aligned with its vision to make a transformative impact on the future. In October, the Wall Street Journal reported that the company is in early discussions to secure significant new funding that could push the startup’s valuation to approximately $40 billion. xAI’s rivals have also secured substantial backing, with OpenAI receiving over $13 billion from Microsoft and Anthropic drawing $8 billion from Amazon. Continue Reading