Last Updated: December 07, 2023, 11:36 IST
United States of America (USA)
Elon Musk desires billions to compete in AI
Elon Musk’s AI firm desires to compete with the AI big OpenAI which was additionally co-based by the X chief.
Elon Musk raised $44 billion to purchase Twitter (now referred to as X) final 12 months and now he desires to lift additional cash that can assist him construct the perfect ChatGPT rival and compete with OpenAI.
Latest filings counsel Musk is searching for $1 billion for his AI startup X.AI which already has 4 traders with a capital of $135 million raised to date, as per SEC filings of the corporate.
Musk has been vocal about the way forward for AI and even criticised the necessity to push AI chatbots so rapidly with out specializing in the repercussions of the expertise.
Having stated that, Musk’s X Corp has launched Grok AI which is now accessible to the X Premium+ customers and it’s claimed that Grok AI is completely different from some other AI chatbot available in the market. Musk has arrange Grok to compete with one other AI startup that he was concerned in establishing referred to as OpenAI. Coming again to the funding wanted to rival ChatGPT, Musk will present his previous credentials to promote the pitch to potential traders and hope the cash rings in to assist him construct for the longer term.
Musk has loads on his plate nowadays, no more than the necessity for X to convey extra advertisers on board and keep away from getting caught in controversies which pulls manufacturers like Apple out of the platform. AI is one other incentive for the corporate to try to persuade extra individuals to place into the platform.
He has invested closely to rebuild and rebrand Twitter to X and is now trying to take the platform past social media and into different avenues. Subscription goes to be a core focus for Musk and Co. who hope that the attraction of extra premium options convinces individuals to purchase its annual companies.
