xAI Secures $6 Billion in Series B Funding
Backed by top VC firms, xAI looks to push towards AGI!
Created on May 28|Last edited on May 28
Comment
xAI has successfully raised $6 billion in its Series B funding round. This investment round saw participation from prominent investors including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal, and Kingdom Holding, among others.
The Journey of xAI
Inception and Early Developments
In July 2023, xAI was founded with a mission to develop advanced AI systems that are truthful, competent, and beneficial for humanity. The company aims to understand the true nature of the universe through its AI technologies.
In November 2023, the first major milestone was the launch of Grok-1, a large language model with 314 billion parameters. Grok-1 was introduced on the X platform, showcasing xAI's commitment to innovation in AI.
Grok-1
On March 17, 2024, xAI released the base model weights and architecture of Grok-1 under the Apache 2.0 license. This move aimed to foster collaboration and allow for broader application and development of the model. Grok-1 is a Mixture-of-Experts model where 25% of the weights are active per token, trained using a custom stack on JAX and Rust.
Grok-1.5
On March 28, 2024, the introduction of Grok-1.5 marked a significant upgrade. Grok-1.5 features enhanced reasoning capabilities and a context length of 128,000 tokens. It excelled in benchmarks, scoring 50.6% on MATH, 90% on GSM8K, and 74.1% on HumanEval. This model is designed to handle long contexts and complex prompts, making it highly efficient for various applications.
The Future with Series B Funding
The recent $6 billion funding will drive several initiatives:
Product Launches: xAI plans to bring its first products to market, leveraging the capabilities of Grok-1 and Grok-1.5.
Infrastructure Development: Building advanced infrastructure to support large-scale AI operations.
Research and Development: Accelerating the development of future technologies to maintain the steep trajectory of progress.
Through continuous innovation and substantial investment, xAI is poised to lead advancements in AI, making significant strides toward its mission of understanding the universe and benefiting humanity.
Add a comment
Tags: ML News
Iterate on AI agents and models faster. Try Weights & Biases today.