Elon Musk's xAI raises $6B to build more powerful AI supercomputers
Elon Musk's xAI raises $6B to build more powerful AI supercomputers
On track to build the most powerful supercomputer.
Huh.
You know, when I think of supercomputer applications, I think of deeply analytical problems based on solid math and well understood algorithms that can be highly parallelised to take the maximum theoretical advantage of the hardware at hand.
You know, the opposite of what the "AI" crowd is doing. Throwing vast amounts of crunching power at a barely understood hypothetical black-box problem in hopes that it potentially yields some interesting results. Maybe.
AI is a buzzword with no real ability more than the Machine Learning approaches that have existed for over 20 years now.
AI isn't real, we have not achieved artificial intelligence. Its a marketing term made to hype up pump and dumps.
They made LLMs make ChatGPT sound like a person but it's just as dumb as the programs that came before that didn't sound like a person.
The current Machine Learning models have reached the limitations of their usefulness, and creating more powerful approaches means someone inventing a more efficient algorithmic approach to Machine Learning, which we still haven't done after we reached this model 20 years ago.
Why think of intelligent solutions when you can just throw more money at the problem. Surely that's how you deal with issues.
Why does Elon need all these handouts? If he wants to build toys he should do so with his own money.
He doesn't have that kind of money.
He owns stock valued at insane prices. No one will buy 6B worth of stocks. Trying to crank it out on the open exchanges would make the value dive.
So since he is actually broke it wouldn't hurt if we took all that wealth and redistributed it?
Lmao it's insane what some people do to downplay the insane excess wealth of the literal richest person ever.
Something something, never got a job from a poor man.
How the fuck do people keep giving him more money??
Most of his ventures are dumpster fires, and SpaceX only runs well because he doesn't touch it.
Because he's in charge of the government now. Oligarch power. We are rightly fucked. They will all make even more money and dump any losses on us.
Absolutely amazing thar nuclear power is now so close to his control or influence. Nothing to be afraid of.
He does touch it. Remember the obliterated launch pad that also critically damaged his rocket about a year ago? That was him.
Also, SpaceX runs "well" because it got billions of government dollars to get humans to Mars and so far they've been able to blow up a banana over the Indian ocean. Literally. SpaceX has spent all that money and hasn't even hit the first target on a long list of targets.
Think about this: SpaceX has spent more time and government money than NASA did for the Appollo project and what did both do? NASA got the first human to the moon. SpaceX shot a car in low earth orbit, obliterated a launch pad (amongst so much more) and fried a banana over the Indian ocean. Their big rocket managed to hit LEO in an uncontrolled spin until it burned up. Seriously, SpaceX is playing at step one and failing to reach step 2
They do cheer loudly when yet again a rocket blows up. Do you remember all the cheers at NASA when their tickets blew up all the time? Oh yeah, that's right. They had a tiny fraction of the computer power of today and went for the "do it right the first time" and they did.
SpaceX sucks. It's just another Musk toy that peoplem are giving a free pass because reasons.
His vaporware time after time raises billions without any viable output.
In a meanwhile, there are legit businesses which struggle financially because the market 'doesn't believe' in them.
Free market will solve it, my ass
Free market? Welcome to the bailout economy, where success is determined purely by proximity to power. Any facade of a free market died in 2008.
Please don’t encourage this monster.
I’m so tired of hearing about this fucking cheesedick
Too, bad. He won the election he bought, and so now he's (no joke) being proposed as speaker of the house (3rd in line to presidency) which is an unelected position.
Then if/when Trump dies and JD Vance gets killed/abdictates, you have Elon President.
xAI? Ain’t that his son?
it pays to have a saudi arabian sugar daddy to sink money into your tax shelter.
Elon Musk's xAI has raised $6 billion in its latest funding round, pushing its total capital raised to $12 billion at a valuation of $50 billion, reports TechCrunch. The round, which involved 97 investors, followed a doubling of xAI's valuation within six months and solidified the company's position as a growing competitor in the AI sector.
Major investors in this funding round include Nvidia, AMD, Andreessen Horowitz, Blackrock, Fidelity, Kingdom Holdings, and Sequoia Capital, among others. Only previous investors who backed Musk's earlier ventures, such as the Twitter acquisition, could participate. The minimum investment per participant was $77,593, but the identities of most investors remain undisclosed.
There is a club...
The cult of musk. If you raise from your fan club you don't get held to account.
Musk + Nvidia, AMD, Andreessen Horowitz, Blackrock, Fidelity, Kingdom Holdings, and Sequoia Capital
How much shit do they have over daddy Sam?
Asking for a friend.
"And you ain't in it!"
Well Nvidia and AMD will get their money (and possibly some other investors money too) straight back in equipment purchases.
He is gonna use those for terrible things
Nah. As most things he touch, it would be nothing but smoke.
It's just more money laundering for Xelon.
*translation
Corporations pay to subordinate themselves to the newest idiot in chief.
Anything Musk touches is immediately tainted by association. Any AI product he has a say in should immediately be considered a potential danger to humanity as a whole.
Each individual element in that headline is perfectly tailored to make this comment section nothing but rage and irrelevant insults.
I must admit I got triggered by the word "to".
Can someone imagine the outcome of a single Elon company going bust?
Xitter went bust a long time ago. It’s propped up by political interests. Tesla auto will probably be in the dumps after the smoke and mirrors wear off. No one outside the cult wants to buy a new Tesla.
xSuckMyDick