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Musk's xAI shows there's more money on the sidelines for AI startups

Posted on AllSides April 29th, 2024
From The Center

We’re off to an AI-heavy start to the week. OpenAI has a new deal with the Financial Times that caught our eye. Sure, it’s another content licensing deal, but there appears to be a bit more in the tie-up than just content flowing one way, and money the other. On this early-week episode of Equity, we also dug into the xAI news that TechCrunch broke recently; namely that Musk’s AI enterprise is not looking to raise $3 billion on a $15 billion valuation. No, it’s now looking for $6 billion...

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https://techcrunch.com/2024/04/29/musks-xai-shows-theres-more-money-on-the-sidelines-for-ai-startups

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