5 months ago
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Funding round values artificial intelligence startup at $18bn before investment, says multibillionaire
Elon Musk’s artificial intelligence company xAI has closed a $6bn (£4.7bn) investment round that will make it among the best-funded challengers to OpenAI.
The startup is only a year old, but it has rapidly built its own large language model (LLM), the technology underpinning many of the recent advances in generative artificial intelligence capable of creating human-like text, pictures, video, and voices.
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