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TEXXR

Chronicles

The story behind the story

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xAI raised a $6B Series B from Valor, Vy Capital, a16z, Sequoia, Saudi Arabia's Kingdom Holding, and others, Elon Musk says at an $18B pre-money valuation

xAI is pleased to announce our series B funding round of $6 billion.  —  xAI is pleased to announce...

xAI

Discussion

  • @xai @xai on x
    xAI is pleased to announce.. https://x.ai/...
  • @carnage4life Dare Obasanjo on x
    Elon Musk's xAI raises SIX BILLION dollars to build an anti-woke chatbot from investors including Andreessen Horowitz, Sequoia, Fidelity and Saudi Arabia Kingdom's Holding. Elon kicked off layoff season with Twitter layoffs, maybe he's kicking off ZIRP 2.0 now? 🤷🏾‍♂️ [image]
  • @elonmusk Elon Musk on x
    Join xAI if you believe in our mission of understanding the universe, which requires maximally rigorous pursuit of the truth, without regard to popularity or political correctness
  • @mikebutcher Mike Butcher on x
    Elon Musk's xAI raises $6B from Valor, a16z, and Sequoia. Given the way he's treated staff at Xitter, I'm sure engineers will be falling over themselves to join... https://techcrunch.com/...
  • @elonmusk Elon Musk on x
    @xai Pre-money valuation was $18B
  • @jimmybajimmyba Jimmy Ba on x
    Show me the chips
  • @didier_lopes Didier Lopes on x
    $6b in funding for Series B we are so back
  • @andrewcurran_ Andrew Curran on x
    Long been rumoured in the press, now reality. [image]
  • @elonmusk Elon Musk on x
    @xai There will be more to announce in the coming weeks
  • @devindkim Devin Kim on x
    it's official! super fortunate to be part of this world class team—big news soon. back to building...🧑🏻‍💻 [image]
  • @johnhering @johnhering on x
    Now the real work begins. xAI is hiring for numerous roles and seeks talented individuals ready to join a small team focused on making a meaningful impact on the future of humanity. Those interested can apply today at https://x.ai/...
  • @jamestitcomb James Titcomb on x
    We're going to look back at this moment with utter bemusement. A bunch of companies raising billions to buy the same Nvidia chips and build LLMs that most people can't tell apart
  • r/singularity r on reddit
    xAI (@xai) on X- $6 B funding
  • @dimatosj John Dimatos on threads
    New grift just dropped How does this not create a shareholder lawsuit for Tesla considering all his bs fanfare that Tesla is an AI company
  • @karaswisher Kara Swisher on threads
    As if we need a reminder on the non ethics of @a16z
  • @paul_rietschka Paul Rietschka on threads
    Musk is one of a handful who, despite any failure small, large, or gargantuan, will never lose access to capital.  This man destroyed Twitter, the greatest self-induced destruction of business value in corporate history.  Now he “founds” an OAI copycat and, despite OAI itself hav…
  • @moskov Dustin Moskovitz on threads
    Your regular reminder that the official a16z position on tech ethics is “anti”.
  • @ylecun Yann LeCun on x
    @elonmusk Join xAI if you can stand a boss who: - claims that what you are working on will be solved next year (no pressure). - claims that what you are working on will kill everyone and must be stopped or paused (yay, vacation for 6 months!).  - claims to want a “maximally rigor…
  • @garymarcus Gary Marcus on x
    24B valuation, largest series A or B in history, yet no (?) revenue, no moat, nothing SoTA. 🤷‍♂️
  • @nearcyan Near on x
    @xai “no, no, it's fine. I think a 100% nvidia portfolio is a really reasonable bet. all i do is trust the numbers, alright” [image]
  • @headinthebox Erik Meijer on x
    https://x.ai/... A sizable initial round for an AI startup is 6M if you are lucky. This is 1000x more. That sucks a lot of oxygen out of the room. But then Meta has spent $46B and counting on the Metaverse since 2021. Which another 10x. Think about that, Meta has been
  • @moonlogic_games @moonlogic_games on x
    @Yuchenj_UW @GaryMarcus I'm not that smart, admittedly, but I have a hard time believing that twitter data is worth 24 billion dollars.
  • @garymarcus Gary Marcus on x
    C'mon, man, tweets like this are priceless. AI will turn this stuff into a complete physical understanding of the world just like that [snaps fingers]. who needs Reddit when you have X? https://x.com/...
  • @ylecun Yann LeCun on x
    @bneiluj ... And there is absolutely nothing wrong with working at Meta
  • @danprimack Dan Primack on x
    Just waking up to see the https://x.ai/ news. Big question on the $6 billion is if it's all primary capital, or if some is the value of equity given to X Holdings shareholders (a16z, Sequoia, Fidelity, etc). Trying to get an answer. Flashback: https://www.axios.com/...
  • @garymarcus Gary Marcus on x
    Grok has done its own research. Elon must be so proud. [image]
  • @elonmusk Elon Musk on x
    @ylecun Prepare to be regulated! 😂
  • @ylecun Yann LeCun on x
    @elonmusk You happy about “don't train a model with more than 10^26 flops” ?
  • @ylecun Yann LeCun on x
    @giffmana @elonmusk You go first about your shop.
  • @ylecun Yann LeCun on x
    @how_many_roads_ @elonmusk I like his cars, his rockets, his solar panels, and his satellite network. I very much dislike his vengeful politics, his conspiracy theories, and his hype.
  • @elonmusk Elon Musk on x
    @ylecun ... Yann is “just following orders”
  • @kenhowery Ken Howery on x
    Thrilled to be joining as an investor in xAI's first external funding round. Congratulations to @elonmusk and the entire @xai team. Excited to see the future of AI unfold with this incredible team and their vision for a ‘maximally curious’ AI. https://x.ai/... #xAI #AI
  • r/wallstreetbets r on reddit
    ‘More to come’: Elon Musk's xAI raises $6 billion in latest funding round
  • r/ChatGPT r on reddit
    ‘More to come’: Elon Musk's xAI raises $6 billion to take on ChatGPT
  • r/OpenAI r on reddit
    Elon Musk's xAI raises $6 billion as it closes in on OpenAI
  • r/elonmusk r on reddit
    Elon Musk's xAI raises $6 billion to fund its race against ChatGPT and all the rest
  • @realphilgold.bsky.social @realphilgold.bsky.social on bluesky
    Ok that's not shady at all [embedded post]
  • @sundeep Sunny Madra on x
    AI infrastructure companies: [image]
  • @lifebypixels Mark Heaps on x
    AI Infrastructure looking at the road ahead. ... “rowr” If only, maybe, there was a company with hardware that sets the new standard for ultra fast AI. [image]
  • @danprimack Dan Primack on x
    3/ Last notable thing here is that, unlike most other mega-rounds for AI companies, this announcement didn't include “in-kind” compute capacity from MSFT, AMZN, etc. Or disclosure of an Oracle deal. Would love to know how value of excess Tesla/Twitter compute capacity is
  • @chrisfralic Chris Fralic on x
    Fidelity has marked down its investment in Twitter / X by 71% which implies a valuation of less than half of the price it just invested in xAI
  • @danprimack Dan Primack on x
    xAI announced $6b in Series B funding at what @elonmusk says is a $24 billion post-money valuation. All $6b is new cash, not the value of any equity “given” to those who helped Musk buy Twitter/X. That said, there's a bunch of investor overlap. a16z, Sequoia, Fidelity, etc.