May 14, 2024
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Musk-Liked Investors Plan $3 Billion Funding Round for xAI

  • April 7, 2024

Investors tied to Elon Musk are reportedly planning a $3 billion funding round for xAI. This round would value the artificial intelligence (AI) firm at $18 billion, The Wall Street Journal (WSJ) reported Friday (April 5), citing sources familiar with the matter.  Sources told WSJ that venture capital company Gigafund and Steve Jurvetson, a prominent Musk backer

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Investment

Amazon Expands Investment in AI Firm Anthropic to $4 Billion

  • March 27, 2024

Amazon made an additional $2.75 billion investment in Anthropic, bringing its total investment in the artificial intelligence company to $4 billion. The new investment joins the initial investment of $1.25 billion that Amazon made in September and completes the commitment the company promised at that time to invest up to $4 billion, according to a Wednesday (March 27) press release.

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