xAI to build massive AI supercomputer + raises $6Bn!

Today’s Highlights:

📰 News: xAI plans to build ‘Gigafactory of Compute’ + OpenAI creates ‘Safety and Security Committee’

💰 Funding: xAI raises $6Bn

⚡️ Top News Stories:

1. Elon Musk's xAI plans to build a massive supercomputer w/ 100K Nvidia H100 GPUs, termed the "Gigafactory of Compute."

• The supercomputer will enhance the development of xAI's conversational AI, Grok, enabling it to process text, documents, charts, objects, and potentially audio and video.

• The supercomputer will be larger than any current AI cluster and aims to be operational by Fall 2025, with Oracle as a potential partner.

2. OpenAI forms Safety and Security Committee to oversee AI risk management and safety processes.

• The committee will review and develop safety processes over the next 90 days and report their findings.

• The announcement follows criticism over recent resignations and concerns about AI safety.

3. Helen Toner and Tasha McCauley, former OpenAI board members, argue that self-governance cannot reliably manage AI's development due to profit incentives and call for regulation to ensure ethical AI development.

4. Cohere For AI launches Aya 23, a multilingual LLM covering 23 languages.

5. The FCC proposes a $6M fine for the scammer who used AI to clone President Biden's voice for illegal robocalls in New Hampshire.

6. Microsoft launches Copilot AI assistant on Telegram, powered by GPT models and Bing search.

💰 Top Funding News:

1. Elon Musk’s xAI raised a $6Bn Series B from Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, amongst others.

• This values the company at $24Bn post-money. 

• The funding will be for bringing its first products to market, building advanced infrastructure, and accelerating R&D of future tech.

That's all for today's email! If you want more please follow us at the social channels linked below, or check out our website!

Share our newsletter: If you like our work please share/forward this email with your friends, colleagues, and family. It's the best way to support us!

If this email was forwarded to you please sign up here to continue receiving them.

Want your content, product, jobs, or event featured in our newsletter? Reply to this email with the details, and our team will reach out to you.

Do you use AI for work? Tell us how, and you could be featured in our newsletter!

Check out our website for more resources, including a list of AI investors, products, events, and twitter follows.

For an archive of all our posts, click here.

We'd love to hear from you! You can always leave us comments or feedback by replying to this email!

Powered by AI. Curated and edited by Humans.