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Elon Musk's XAi seeks $1Bn investment. AI Alliance led by IBM and Meta

AI Alliance led by IBM and Meta opened up.

DataWake

DataWake

GOOOOOOD MOOORNING VIET... DATAWAKE!

I hope you’re all having a great “little saturday” as we say here in Sweden. Half way through the week and we’re allowed to have a drink. 🤣

I have some ideas on reformat the layout a bit, hopefully making it even easier to read and follow. Let’s see, it can’t be worse than what we have now.

Here's today's zesty agenda:

  • Elon Musk’s XAI

  • AI Alliance connects 50 organisations

  • Somewhat fun memes

Elon Musk’s XAi

(Source)

Elon Musk's AI venture, xAI, is on a mission to secure up to $1 billion in equity investments, as per a filing with the Securities and Exchange Commission. Since its founding in April, xAI has already raised $134.7 million, marking Musk's foray into the AI craze. The company's goal, as stated on its website, is to "understand the true nature of the universe," with the recent launch of its Grok AI chatbot aimed at advancing this objective.

Grok relies on real-time information from X (formerly Twitter) for its responses but is currently in early access, exclusively for X's Premium Plus subscribers. Despite its integration with X, xAI operates independently from X Corp., the parent company of X. The SEC filing outlines that xAI will entertain a minimum investment of $2 million from external investors and hints at a seemingly done deal for the rest of the billion, as highlighted by Axios.

I mean couldn’t Elon just fund this himself? It’s nice of him letting some other investment come to play here ;)

AI Alliance, led by IBM and Meta

(Source)

AI is making big strides, opening up possibilities to enhance how we live, work, and learn. For this to happen smoothly, it's crucial to have open and transparent innovation that empowers AI folks with the info and tools needed. The AI Alliance, a global group launched by IBM and Meta, is all about bringing together diverse organizations to support open innovation and science in AI. Their goal is to foster an open community, speed up responsible AI innovation, and make sure it's safe, trustworthy, and beneficial for everyone.

The AI Alliance plans to kickstart projects like developing benchmarks, advancing open models, supporting AI skills globally, and creating educational content. By pooling resources and knowledge from leading developers, scientists, institutions, and companies, they want to address safety concerns and provide solutions that fit the needs of people worldwide. In a nutshell, they're on a mission to shape the evolution of AI in a way that reflects the complexity of our societies and benefits everyone. IBM and Meta are teaming up with other industry, government, and academic leaders to make it happen.

Today's Quote

The goal is to turn data into information, and information into insight.

Carly Fiorina - Former CEO of HP

Dank Memes

That's all for today folks! If you want more news or just some dank memes, make sure to follow the newsletter and on X!