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  • Elon Musk's xAI raises $1B, less than rivals OpenAI, Anthropic, Inflection

Dec 6, 2023

Elon Musk's xAI raises $1B, less than rivals OpenAI, Anthropic, Inflection

Bay Area Times
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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

Generative AI Unicorns Database.

  • $20B valuation was previously mentioned by Elon to potential employees.

  • $135M already put in, with the remaining to be transferred under a ā€œbinding and enforceable agreement.ā€

  • 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

Playground v2 vs. SDXL, which had been widely seen as the best 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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4. Tech IPOs in 2023 total 5, from 112 in 2021, as Shein, Reddit, Skims expect 2024 offering

The Information.

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