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- xAI in talks to raise $3B-$4B at $18B valuation
xAI in talks to raise $3B-$4B at $18B valuation
Bay Area Times
April 12, 2024
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Top stories today:
- xAI in talks to raise $3B-$4B at $18B valuation
- ChatGPT nears all-time high usage of May 2023
- Taiwan’s #1 export partner becomes U.S., as China exports fall
- Amazon CEO: “sad story” state of regulatory hurdles
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. xAI in talks to raise $3B-$4B at $18B valuation
#3 decacorn in generative AI by valuation and total funding:
Jan.: $1B funding at an estimated much lower valuation.
~$0 in revenues.
Grok 1 and 1.5 significantly underperform the top models like GPT-4, Claude, and Gemini.
But Elon should never be discounted.
Meanwhile, at OpenAI, 2 researchers linked to Ilya Sutskever have been fired for alleged leaking.
2. ChatGPT nears all-time high usage of May 2023, as Gemini, others grow faster
1.77B global visits in March, vs. 1.81B in May 2023:
Non-U.S. traffic is close to 90% of total, notably.
ChatGPT was +13% MoM, vs. +37% for Gemini (to 0.43B), +161% for Claude
Gemini is cementing its place as #2, as Claude could soon jump to #3
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