Xai funding articles
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xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders
xAI, Elon Musk’s 10-month-old competitor to the AI phenom OpenAI, is raising $6 billion on a pre-money valuation of $18 billion, according to one trusted source close to the deal. The deal – which would give investors one quarter of the company – is expected to close in the next few weeks unless the terms […] © 2024 TechCrunch. All rights reserved. For personal use only.
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Innovate UK Fund Announces Six Organizations Funded by £1M Grant
The Innovate UK Fund has announced six winners to be awarded grant funding from the government totalling £1 million to jumpstart ‘AI in the music industry.’ Competition assessors agreed that AudioStrip would benefit and strengthen the UK music industry by saying “this is well planned, resourced, and researched innovation that can impact the business, market, […]
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startup funding: ETtech Deals Digest: Startup funding falls 30% on year to $73 million this week
Startup funding in the penultimate week of April 2024 declined by nearly 27.9% from the same period a year ago, totalling $74 million across 14 deals. However, deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal. Funding was down sequentially as well, from $103 million across 15 funding rounds in the previous week. Of the total corpus raised this week, fundraises of...