VCs are promoting shares of scorching AI corporations like Anthropic and xAI to small buyers in a wild SPV market

VCs are promoting shares of scorching AI corporations like Anthropic and xAI to small buyers in a wild SPV market

VCs are clamoring to put money into scorching AI corporations, prepared to pay exorbitant share costs for coveted spots on their cap tables. Even so, most aren’t in a position to get into such offers in any respect. But, small, unknown buyers, together with household workplaces and high-net-worth people, have discovered their very own approach…

Elon Musk’s xAI raises $6 billion to fund its race towards ChatGPT and all the remainder

Elon Musk’s xAI raises $6 billion to fund its race towards ChatGPT and all the remainder

Elon Musk based xAI final summer season, and at this time it introduced elevating $6 billion in funding, saying it should assist convey the startup’s “first merchandise to market, construct superior infrastructure, and speed up the analysis and growth of future applied sciences.” Thus far, xAI has launched Grok, a supposedly edgier model of OpenAI’s…