Musk: Grok has been upgraded and will bring users a "fun mode" to present news
According to Musk's post on X platform, Grok has been upgraded. In addition, users will soon be able to see Grok presenting news with a humorous perspective in "fun mode".
Musk's artificial intelligence company xAI may raise $3 billion
Investors closely related to Musk are in talks to help his AI startup xAI raise $3 billion in financing. This round of financing will bring the company's valuation to $18 billion. Supporters considering investing in this round of financing include venture capital firm Gigafund and American venture capitalist Steve Jurvetson. The financing terms of xAI have not yet been finalized and plans may change.
Musk sues OpenAI and its CEO Altman
Tesla CEO Elon Musk sued OpenAI and its CEO Sam Altman for violating the contract. Musk claimed in the lawsuit that Altman and OpenAI had violated an agreement made when the AI research company was founded, which was to develop technology for the benefit of humanity rather than profit. Musk alleged that OpenAI's recent relationship with tech giant Microsoft has damaged the company's original commitment to public, open-source general artificial intelligence.
Musk's AI company seeks to raise $6 billion from investors to challenge OpenAI
According to the Financial Times, Elon Musk's artificial intelligence startup is seeking to raise $6 billion from investors to challenge OpenAI.
Musk refutes rumors that xAI has received $500 million in investment commitments
Citing sources from Bloomberg, it has been revealed that xAI, an artificial intelligence company owned by Musk, has received a commitment of $500 million in investment to achieve its $1 billion financing goal. The company is discussing a valuation of $15 billion to $20 billion, but terms may still change in the coming weeks. Musk responded on Twitter, calling it fake news spread by Bloomberg.
Musk’s artificial intelligence company xAI has received a US$500 million investment commitment
On January 20th, xAI, an artificial intelligence company under Musk, has received a commitment of $500 million in investment to achieve its $1 billion funding goal.
Musk comments on Block’s self-hosted wallet: If it’s not your key, it’s not your wallet
Block led by Jack Dorsey announced its Bitkey Bitcoin hardware wallet. Jack Dorsey promoted it on the X platform, saying "Move your Bitcoin out of the exchange." Musk replied to Jack Dorsey's tweet, saying "As they say, if it's not your keys, it's not your wallet." (Not your keys, not your wallet)
X.AI files with SEC to raise up to $1 billion through equity offering
According to Coindesk, X.AI, supported by Musk, has submitted documents to the US Securities and Exchange Commission, planning to raise up to $1 billion through equity issuance.
Elon Musk: Advertising boycott will destroy X
Elon Musk has verbally attacked advertisers who are boycotting X, stating that the boycott will ruin X. Earlier on November 27th, X may lose up to $75 million in revenue due to more and more advertisers withdrawing. Internal documents show that over 200 ad units from companies such as Airbnb, Amazon, Coca-Cola, and Microsoft have been listed, many of which have already stopped or are considering pausing advertising on the social network.
X will lose $75 million in revenue by year's end due to loss of advertisers
According to The New York Times, due to dozens of major brands suspending their advertising, Musk's X platform may lose up to $75 million (approximately RMB 536 million) in advertising revenue by the end of this year. Musk's previous anti-Semitic remarks have led to many companies, including Walt Disney and Warner Bros., suspending their advertising on X. According to multiple news media reports, Apple has also withdrawn its advertising spending on X.
