ChainCatcher news, according to Forbes, Musk's xAI company announced on Monday that it has raised $6 billion in a Series C funding round, with the company's valuation exceeding $40 billion as it continues to strengthen its artificial intelligence products and infrastructure.Investors include Blackrock, A16Z, Saudi Arabia's Kingdom Holding Company, Fidelity, and Sequoia Capital, the latter three of which participated in xAI's $6 billion Series B funding round in May this year.In the funding announcement, xAI stated that it is training Grok 3, and according to a tweet released by Musk in June, Grok 3 has not yet been launched and is expected to be released by the end of the year.

ChainCatcher news, Elon Musk's artificial intelligence startup xAI has launched a beta version of a standalone iOS application for the Grok chatbot. The app was previously available only to X users and is now accessible in Australia and other parts of the world.It is reported that features will include access to real-time web data, text summarization, answering questions, rewriting content, and generating images from text prompts.

ChainCatcher news, according to Jinshi reports, the Oman Investment Authority has announced the acquisition of a partial stake in Elon Musk's artificial intelligence company xAI. The Oman Investment Authority is also a shareholder of SpaceX.

ChainCatcher message, xAI announced that Grok is now available for free to everyone. It stated: "Our AI assistant is faster, sharper, and includes all new image generation features. It is available for free on X starting today."

ChainCatcher news, Interface News reported that Musk's xAI announced on December 13 local time that it will begin to roll out the new Grok-2 model for free to all users on the X platform.In the past few weeks, the company has been testing the new version of the Grok-2 model, which has tripled its speed and improved accuracy, instruction following, and multilingual capabilities.

ChainCatcher news, according to a report by Reuters, Musk's artificial intelligence startup xAI plans to expand its supercomputer in Memphis, Tennessee, to accommodate at least 1 million graphics processing units (GPUs), as xAI works to compete with rivals like OpenAI.In response to the Reuters report, Musk stated, Nope, at least 1 biiillioon GPUs!

ChainCatcher news, Elon Musk's artificial intelligence company xAI plans to launch a standalone application for its Grok chatbot as early as December. Currently, Grok is only available through Musk's X platform (formerly Twitter) and requires a subscription to use. This move will put Grok in direct competition with rivals that have standalone applications, such as OpenAI's ChatGPT, Google's Gemini, and Anthropic's Claude.

ChainCatcher news, Musk posted on the X platform that too many game studios are owned by large corporations, and xAI is about to launch an AI game studio to make gaming exciting again.

ChainCatcher news, according to the Financial Times, Elon Musk has fulfilled his promise by gifting shares of his artificial intelligence startup xAI to X shareholders.Musk promised last year to give X shareholders 25% of the new company, but there has been little news about this commitment since then. The Financial Times reported on Wednesday that X shareholders received a quarter of the equity in two rounds of financing for xAI, with one round now completed, valuing the AI startup at $50 billion.The Financial Times reported that xAI stock may be enough to offset the losses X shareholders incurred from their investments in the social media platform. Since Musk took over, X's business has collapsed as advertisers have fled, leading to a significant drop in its revenue.

ChainCatcher news, Elon Musk has offered investors who supported his $44 billion acquisition of Twitter (now named X) a 25% stake in xAI. xAI was founded last year with the aim of competing with companies like OpenAI and Anthropic.Insiders revealed that xAI is set to complete a new round of $5 billion financing as early as Wednesday, with its valuation doubling in just six months to reach $50 billion. By the end of this week's financing, xAI will have raised approximately $11 billion in total to cover the massive expenses required to build AI models and one of the largest supercomputer clusters in the world.This means that, due to the significant increase in the startup's value, some of Musk's supporters can profit handsomely from their stakes in xAI, while these supporters faced losses of billions of dollars during his acquisition of Twitter. Beneficiaries as investors in Musk's two companies include Fidelity, Oracle co-founder Larry Ellison, Saudi Prince Alwaleed bin Talal, Twitter founder Jack Dorsey, and Silicon Valley venture capital firms Sequoia Capital and Andreessen Horowitz (a16z).

ChainCatcher news, according to the Financial Times, Musk's SpaceX and xAI will achieve a valuation leap of billions of dollars through a new deal. According to insiders, Musk's artificial intelligence startup xAI has raised $5 billion, reaching a valuation of $45 billion, nearly double its valuation from a few months ago.According to insiders, SpaceX is preparing to launch a tender offer in December, selling existing shares of the company at about $135 per share. This would push the rocket manufacturer's valuation above $250 billion.

ChainCatcher news, according to the New York Post, Elon Musk's artificial intelligence startup xAI is in talks with Nvidia to secure a significant investment aimed at accelerating the development of its large language model Grok.Additionally, the Wall Street Journal reports that xAI is negotiating to raise billions of dollars from investors, with the company's valuation at around $40 billion. It also noted that Musk is seeking strategic investors, primarily from tech companies, to support this round of financing, but no names have been confirmed yet. It is reported that venture capital firms including Sequoia Capital, Andreessen Horowitz, and Vy Capital are also involved in these ongoing negotiations.

ChainCatcher news, according to The Information, the UAE artificial intelligence investment firm MGX is in investment talks with xAI, a company owned by Musk. According to private disclosures from representatives of both parties, xAI is discussing raising $5 billion at a valuation of about $45 billion. xAI is the developer of the Grok chatbot.If this round of investment is completed, it will be MGX's second significant investment in the field of large language models. The company, which was established 7 months ago, invested $6.6 billion in OpenAI last month. One of MGX's two main backers, Mubadala Investment Co., also purchased shares previously held by the bankrupt cryptocurrency exchange FTX through a subsidiary and invested in Anthropic.

ChainCatcher news, according to Jinshi reports, a source familiar with the matter said that Elon Musk's artificial intelligence startup xAI plans to seek a new round of financing at a valuation of about $40 billion. Just months ago, another round of financing had brought $6 billion in funding to the startup. The financing negotiations are in the early stages, and details may still change; the negotiations could potentially fall through.Previous report indicated that including the funds raised in the last round in May, the company's valuation was at $24 billion, and the latest deal would mean a significant increase in its valuation, placing it among the highest-valued startups in the United States.

ChainCatcher news, according to TechCrunch, Elon Musk's artificial intelligence startup xAI has recently moved into a new office in San Francisco's Mission District: located in the same building as OpenAI's headquarters, which had been based there for many years.Musk's lawyer recently claimed in a lawsuit that he initially rented this office while working as an employee of OpenAI and has been paying for it ever since. Reports indicate that Musk listed the building for sublease in August, while OpenAI moved to a new office just four blocks away.On Tuesday evening, xAI held an open house event in the new office, just a few hours after OpenAI's developer day event concluded. xAI employees told an attendee that they had just moved into the office on Monday, but would still be working most of the time at xAI's office in Palo Alto.Musk recently stated that he would be moving his companies from California to Texas, but xAI may be an exception.

ChainCatcher news, Aethir and Xai announced the launch of a $10 million ecosystem grant program to support artificial intelligence gaming projects. Applications for the grant program will open soon.The Aethir and Xai ecosystem grant program aims to change the gaming landscape by providing businesses with the necessary infrastructure in a decentralized manner. Aethir's distributed GPU cloud can offer stable and scalable GPU capabilities to global gaming clients at a lower cost and with higher efficiency than traditional centralized cloud providers. Meanwhile, Xai leverages infrastructure supported by decentralized nodes to provide game developers with seamless access to the tools they need to integrate gaming markets and in-game asset management for millions of users.

According to ChainCatcher news and data from Token Unlocks, this week APT, XAI, and RENDER will experience a large one-time token unlock, including:Aptos (APT) will unlock 11.31 million tokens on September 11 at 18:00, worth approximately 66.16 million USD, accounting for 2.32% of the circulating supply;Xai (XAI) will unlock 35.88 million tokens on September 9 at 17:30, worth approximately 6.36 million USD, accounting for 6.27% of the circulating supply;Render (RENDER) will unlock 760,000 tokens on September 14 at 8:00, worth approximately 3.59 million USD, accounting for 0.19% of the circulating supply;io.net (IO) will unlock 2.11 million tokens on September 11 at 20:00, worth approximately 3.31 million USD, accounting for 2.22% of the circulating supply.