Latest news with #Grok3
New York Post
4 days ago
- Business
- New York Post
Elon Musk's xAI raises $10B in debt and equity as it faces off against Sam Altman's OpenAI
Elon Musk's xAI has raised a combined $10 billion in debt and equity, Morgan Stanley said Monday. The sum consists of $5 billion through secured notes and term loans, and the other half comes from a strategic equity investment, the bank said in a post on X, Musk's social media platform formerly known as Twitter. 'This transaction, which was oversubscribed and included prominent global debt investors, reflects confidence in xAI's vision,' Morgan Stanley said in a statement. Advertisement 3 Elon Musk's xAI has raised a combined $10 billion in debt and equity, according to Morgan Stanley. REUTERS It will 'support xAI's continued development of cutting-edge AI solutions, including one of the world's largest data center[s] and its flagship Grok platform.' XAI did not immediately respond to The Post's request for comment. The funding will help Musk compete with rivals, like arch-nemesis OpenAI and its CEO Sam Altman, as firms scramble to build power-hungry data centers that can support language learning models. Advertisement Musk's xAI has already installed 200,000 graphics processing units (GPUs) at its Colossus facility in Memphis, Tennessee, the world's richest person said in May. At the time, Musk said he plans to continue buying chips from Nvidia and AMD, and that xAI is looking to build a separate 1-million-GPU center near Memphis. The company unveiled its latest chatbot, Grok 3, in February. Though the AI bot is available on other platforms, Musk has woven the bot into X as well in an attempt to boost its userbase. Advertisement His AI firm acquired X in March in a deal that valued the social media site at $33 billion – less than the $44 billion Musk paid for Twitter in 2022 – and xAI at $80 billion, though this latest funding could have changed that valuation. 3 xAI has installed 200,000 graphics processing units at its Colossus facility in Memphis, Tennessee, Musk said. ALI HAIDER/EPA-EFE/Shutterstock Last year, xAI raised $6 billion at a valuation of $50 billion, according to CNBC. Meanwhile, OpenAI recently closed a $40 billion round that valued the ChatGPT maker at $300 billion, while an Anthropic fundraising round raised the company's valuation to $61.5 billion. Advertisement Musk has tried to paint Grok as a 'woke' chatbot to stand out from the crowd, but that hasn't come without its fair share of controversy. The bot in May sparked confusion when it responded to unrelated user queries with bizarre mentions of 'white genocide' in South Africa, telling users it 'appears I was instructed to address' it. 3 Sam Altman attends Jeff Bezos' wedding in Venice. AFP via Getty Images And xAI has been in fierce competition with OpenAI, which Musk co-founded with Altman in 2015 before cutting ties with the firm in 2018. Musk has claimed that OpenAI has branched away from its original mission to act as a nonprofit to focus on profit. He made an unsolicited $97.4 billion bid for OpenAI earlier this year, which Altman quickly rejected with a jab at Musk: 'I feel for the guy. I don't think he's a happy person.'
CNBC
4 days ago
- Business
- CNBC
Elon Musk's xAI raises $10 billion in debt and equity as it steps up challenge to OpenAI
XAI, the artificial intelligence startup run by Elon Musk, raised a combined $10 billion in debt and equity, Morgan Stanley said. Half of that sum was clinched through secured notes and term loans, while a separate $5 billion was secured through strategic equity investment, the bank said on Monday. The funding gives xAI more firepower to build out infrastructure and develop its Grok AI chatbot as it looks to compete with bitter rival OpenAI, as well as with a swathe of other players including Amazon-backed Anthropic. In May, Musk told CNBC that xAI has already installed 200,000 graphics processing units (GPUs) at its Colossus facility in Memphis, Tennessee. Colossus is xAI's supercomputer that trains the firm's AI. Musk at the time said that his company will continue buying chips from semiconductor giants Nvidia and AMD and that xAI is planning a 1-million-GPU facility outside of Memphis. Addressing the latest funds raised by the company, Morgan Stanley that "the proceeds will support xAI's continued development of cutting-edge AI solutions, including one of the world's largest data center and its flagship Grok platform." xAI continues to release updates to Grok and unveiled the Grok 3 AI model in February. Musk has sought to boost the use of Grok by integrating the AI model with the X social media platform, formerly known as Twitter. In March, xAI acquired X in a deal that valued the site at $33 billion and the AI firm at $80 billion. It's unclear if the new equity raise has changed that valuation. xAI was not immediately available for comment. Last year, xAI raised $6 billion at a valuation of $50 billion, CNBC reported. Morgan Stanley said the latest debt offering was "oversubscribed and included prominent global debt investors." Competition among American AI startups is intensifying, with companies raising huge amounts of funding to buy chips and build infrastructure. OpenAI in March closed a $40 billion financing round that valued the ChatGPT developer at $300 billion. Its big investors include Microsoft and Japan's SoftBank. Anthropic, the developer of the Claude chatbot, closed a funding round in March that valued the firm at $61.5 billion. The company then received a five-year $2.5 billion revolving credit line in May. Musk has called Grok a "maximally truth-seeking" AI that is also "anti-woke," in a bid to set it apart from its rivals. But this has not come without its fair share of controversy. Earlier this year, Grok responded to user queries with unrelated comments about the controversial topic of "white genocide" and South Africa. Musk has also clashed with fellow AI leaders, including OpenAI's Sam Altman. Most famously, Musk claimed that OpenAI, which he co-founded, has deviated from its original mission of developing AI to benefit humanity as a nonprofit and is instead focused on commercial success. In February, Musk alongside a group of investors, put in a bid of $97.4 billion to buy control of OpenAI. Altman swiftly rejected the offer. —
Scotsman
24-06-2025
- Sport
- Scotsman
AI predicts 2025/26 Premiership table as Hearts and Hibs backed for European push
Hibs Nicky Cadden and Hearts Jorge Grant in action | SNS Group How are Hearts and Hibs predicted to fare in the 2025/26 Premiership season? Sign up to our Hearts newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... The new Premiership season is now just over a month away and both Hearts and Hibs have already kickstarted their summer transfer business in preparation for the campaign. For Hearts and new manager Derek McInnes, strengthening defensive options seems to have been the main priority after Norwegian full-back Christian Borchgrevink and centre-back duo Oisin McEntee and Stuart Findlay all moved to Tynecastle. Greek winger Alexandros Kyziridis and Portuguese forward Claudio Braga have also joined the club and Elton Kabangu has agreed to a permanent switch after spending a positive loan spell with Hearts last season. Advertisement Hide Ad Advertisement Hide Ad Hibs' incoming transfer activity has been limited to a permanent deal for Austrian goalkeeper Raphael Sallinger and the addition of Republic of Ireland midfielder Jamie McGrath after his Aberdeen contract came to an end. Further signings are planned for both clubs as they set their sights on the new season - but how are they predicted to fare in the Premiership? We take a look at how the final 2025/26 Premiership table is predicted to look with the help of AI tool Grok3. AI predicts the 2025/26 Premiership table Hibs Nicky Cadden and Hearts Jorge Grant in action | SNS Group 12th: Livingston Grok3: Most likely to finish bottom and face relegation. Recent struggles and fan pessimism on X point to a difficult campaign. 11th: Dundee Grok3: Predicted to flirt with relegation, as seen in multiple X posts and web sources, due to weaker squad depth. 10th: Kilmarnock Advertisement Hide Ad Advertisement Hide Ad Grok3: Could face a tough season, with some sources placing them lower due to inconsistent form. 9th: Falkirk Grok3: Another promoted team, predicted to avoid relegation but struggle against established sides. Optimism exists among fans on X. 8th: Motherwell Grok3: Likely to hover around mid-to-lower table, with some X posts suggesting a solid but unspectacular season. 7th: St Mirren Grok3: Expected to maintain a mid-table position, consistent with recent seasons and fan predictions. 6th: Dundee United Advertisement Hide Ad Advertisement Hide Ad Grok3: As a newly promoted side, they're predicted to stabilize in mid-table, with some sources optimistic about their potential. 5th: Aberdeen Grok3: Likely to finish mid-table but could challenge for top four with a good season. Fan predictions vary, but their solid infrastructure keeps them competitive. 4th: Hibs Grok3: Form during the vast majority of last season and planned investment in the squad suggest a top-four push, as predicted by several X users. 3rd: Hearts Grok3: A strong contender for third, with consistent top-four finishes in previous seasons and fan optimism on X. Their past European experience could boost performance. 2nd: Rangers Advertisement Hide Ad Advertisement Hide Ad Grok3: Expected to challenge closely but fall short. Recent form suggests improvement, and some X users predict them winning, but Celtic's edge in squad depth may prevail. 1st: Celtic Grok3: Likely to retain the title. Their financial muscle, consistent recruitment, and recent dominance (four consecutive titles) make them favorites. Many sources, including Reddit and X posts, predict Celtic finishing first. Your next football read: Scotland World Cup boost as Ben Doak returns - Liverpool issue helps Everton transfer hopes
Hans India
23-06-2025
- Business
- Hans India
Elon Musk Vows to 'Rewrite Human Knowledge' Using Grok AI, Slams Existing AI Data as ‘Garbage'
Billionaire entrepreneur Elon Musk is setting his sights on an ambitious new goal for his AI company, xAI: rebuilding the entire corpus of human knowledge using the latest version of its AI chatbot, Grok. In a series of posts on X (formerly Twitter), Musk criticized current AI models for being trained on what he called 'garbage' data and unveiled his plan to retrain Grok using a revised dataset. 'We will use Grok 3.5 (maybe we should call it 4), which has advanced reasoning, to rewrite the entire corpus of human knowledge, adding missing information and deleting errors,' Musk shared. 'Then retrain on that. Far too much garbage in any foundation model trained on uncorrected data.' Musk's goal is not just about refining Grok's capabilities—he wants to reshape how AI models are built, trained, and aligned with truth. Launched earlier this year, Grok 3 was introduced as the 'smartest AI on Earth,' boasting performance ten times stronger than its predecessor. The model is accessible via xAI's platforms, the Grok app, and to X Premium Plus subscribers. One of the more controversial elements of Musk's announcement involves his call for user input. In an appeal to the X community, he invited followers to contribute 'divisive facts' to help train Grok—facts that may be politically incorrect but, as Musk emphasized, are 'nonetheless factually true.' Musk founded xAI in 2023 to challenge established AI giants like OpenAI. He has often accused leading models, including ChatGPT, of harboring 'woke biases' and distorting facts to fit certain ideological perspectives. With Grok, Musk wants to break away from that mold and create an AI assistant grounded in what he considers cleaner, more accurate information. At the core of Grok's development is xAI's Colossus supercomputer, a powerful system built in less than nine months using more than 100,000 hours of Nvidia GPU processing. Grok 3 uses synthetic data, reinforcement learning, and logic-driven techniques to minimize hallucinations—a common flaw where AI chatbots fabricate responses. Now, as Musk and his team prepare to roll out Grok 3.5—or Grok 4—by the end of 2025, the focus is shifting toward using advanced reasoning and curated content to create a more reliable foundation for machine learning. With this bold move, Musk is not just tweaking another chatbot. He's trying to challenge the entire approach the tech industry has taken toward artificial intelligence—and possibly redefine what AI knows as 'truth.'
Al Bawaba
19-06-2025
- Business
- Al Bawaba
xAI's Grok Models are Now on Oracle Cloud Infrastructure
xAI has selected Oracle to offer xAI's Grok models via Oracle Cloud Infrastructure (OCI) Generative AI service for a wide range of use cases, including content creation, research, and business process automation. xAI will also leverage the scalability, performance, and cost efficiency of OCI's leading AI infrastructure to train and run inferencing for its next-generation Grok models. "Grok 3 represents a leap forward in AI capabilities and Oracle's advanced data platform will accelerate its impact on enterprises,' said Jimmy Ba, co-founder, xAI. 'This collaboration between xAI and Oracle is set to redefine enterprise-grade AI.' Founded in March 2023, xAI is at the forefront of AI innovation, building technologies that push the boundaries of human understanding. Grok 3, xAI's latest model, has reasoning capabilities refined through large-scale reinforcement learning with high performance in mathematics, coding, and universal understanding. To provide organizations with a path to strong data governance, management, and security, xAI models are augmented with OCI's enterprise-grade capabilities. In addition, all data sent by Oracle to Grok models is processed on zero data retention endpoints, offering an extra layer of protection. "By bringing xAI's cutting-edge Grok models to our customers, we are expanding the possibilities of AI in the enterprise,' said Greg Pavlik, executive vice president, AI and Data Management Services, Oracle Cloud Infrastructure. 'This partnership underscores our commitment to providing the most advanced AI solutions, giving organizations greater choice and flexibility in deploying the latest AI technologies.' Oracle brings leading-edge AI technology close to enterprise data and prioritizes security, adaptability, and scalability. This helps customers across industries apply the right AI technologies, including generative and agentic AI, to the right business scenarios for immediate results. In addition, thousands of AI innovators are leveraging OCI's cost-effective, purpose-built AI capabilities to run the most demanding AI workloads faster. OCI bare metal GPU instances can power applications for generative AI, natural language processing, computer vision, and recommendation systems. Windstream, a leading telecommunications service provider of advanced network communications and technology solutions, is exploring options to use xAI's multimodal models via OCI to create more fluid workstreams and empower its employees. 'In the fast-paced and ever-evolving landscape of telecommunications, there's no shortage of ways AI can benefit our business,' said Kaushik Bhanderi, senior vice president, Windstream. 'We think there could be real advantages to leveraging Grok models via OCI Generative AI service, integrating language comprehension and reasoning to propose meaningful actions.'
