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- Elon Musk's xAI raises $1B, less than rivals OpenAI, Anthropic, Inflection
Elon Musk's xAI raises $1B, less than rivals OpenAI, Anthropic, Inflection
Bay Area Times
December 06, 2023
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Top stories today:
- Elon Musk's xAI raises $1B
- Playground v2 released: open-source text-to-image model
- Tech IPOs in 2023 total 5, from 112 in 2021
- Poor Charlie's Almanack released for free
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. Elon Musk's xAI raises $1B, less than rivals OpenAI, Anthropic, Inflection
$20B valuation was previously mentioned by Elon to potential employees.
$135M already put in, with the remaining to be transferred under a “binding and enforceable agreement.”
Grok has performed poorly when compared to its rivals, but we expect xAI to launch more innovative products in 2024.
2. Playground v2 released: best apparent open-source text-to-image AI model
We still see OpenAI's DALL-E 3 as having better quality — it is not open-source, however
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