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

And they raised $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.

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