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Billionaire Elon Musk's artificial intelligence startup xAI raises more capital at a valuation of up to $200 billion. Photo: Reuters . |
Bloomberg on July 11 quoted an internal source as saying that xAI, Elon Musk's AI company, is said to be in talks to raise more capital at a valuation of up to $200 billion .
xAI has so far raised $10 billion , split evenly between debt and equity. The source said billionaire Elon Musk's AI company is continuing to raise another $10 billion , bringing its total new capital to $20 billion .
According to the same source, billionaire Elon Musk and the company xAI waited until the official launch of Grok 4, the new version of the AI chatbot based on social network platform X data, to launch additional fundraising efforts.
Grok is xAI's answer to models like OpenAI's ChatGPT and Google's Gemini, with the ability to analyze images and respond to questions.
Expectations are high for Grok 4 right now. The latest AI model from xAI is being compared to OpenAI's latest version, GPT-5, which is expected to be released later this summer.
"For academic questions, Grok 4 gives better answers than PhDs in every subject without exception. It has not invented any new technology or discovered new physics yet, but that is only a matter of time," said Elon Musk.
Grok 4 showed impressive results on Humanity's Last Exam performance tests - a measure of AI's ability to answer thousands of questions on topics like math, humanities and natural sciences .
As a result, this AI model achieved 25.4% (without tools) and Grok 4 Heavy achieved 44.4% (with tools). For comparison, this achievement is completely superior to Gemini 2.5 Pro and OpenAI's o3. In addition, Grok 4 also set a new score record in the ARC-AGI-2 puzzle-solving test with 16.2%, nearly double that of the Claude Opus 4 model.
Source: https://znews.vn/elon-musk-lai-co-trong-tay-cong-ty-200-ty-usd-post1567973.html
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