As an experienced financial analyst, I’m closely monitoring the developments in the crypto and tech industries. The recent reminder from @cb_doge, a well-known member of the DOGE and X communities, is an important one for all investors and community members. Elon Musk’s companies, including xAI, Tesla, and Grok, are not associated with any cryptocurrency projects, and it’s crucial to remain cautious against potential scams.
The user identified as “DogeDesigner” (@cb\_doge) on X/Twitter, who is involved with both DOGE and X projects, has shared a significant message within the crypto community on the X social media platform concerning Elon Musk’s major businesses and cryptocurrencies.
As a crypto investor, I’d like to clarify that the post published today makes it clear that neither xAI, the producer of X, nor their Grok AI bot, are linked to any cryptocurrencies whatsoever. @cb_doge issued a reminder for users of X to exercise caution and be wary of potential crypto scams.
As a thorough analyst, I want to clarify that companies such as Tabnine, Xbox AI (xAI), Grok, and Tesla have no involvement with any cryptocurrencies. It’s crucial for us all to remain vigilant and protect ourselves from potential crypto scams in the market.
— DogeDesigner (@cb_doge) April 26, 2024
Elon Musk about to raise $6 billion for further Grok development
According to TechCrunch’s latest report, I, as a researcher, have come across the news that tech magnate Elon Musk is currently in negotiations for investing a substantial $6 billion into his xAI startup. The proposed investment values the company at an impressive pre-money valuation of $18 billion. Consequently, this injection of funds would grant the investors a significant controlling stake, approximately one-quarter of the company.
According to The Information’s latest report, xAI is on the verge of raising a staggering $6 billion in funding, giving Elon Musk’s AI startup a valuation of approximately $18 billion. Notably, during a recent X event, Musk mentioned that they would require around 100,000 NVIDIA H100 GPUs to train Grok 3.0, whereas they currently possess around 20,000.
— Rowan Cheung (@rowancheung) April 26, 2024
The agreement is anticipated to be finalized in the near future, assuming no unexpected modifications to its conditions. Musk initiated xAI a ten-month tenure ago as a response to ChatGPT from OpenAI. According to our TechCrunch source, numerous investors are eager to participate in this deal. Among them are Sequoia Capital and Future Ventures, which was co-founded by Musk’s friend Steve Jurvetson. He serves on the board at SpaceX and previously managed Tesla until 2020. Some other investors hail from Elon Musk’s inner circle at Tesla.
Elon Musk plans to advance Grok 3.0 by training it through xAI. During a recent talk at X, Musk mentioned that xAI needs around 100,000 NVIDIA H100s for Grok 3.0’s development, whereas they currently possess about 20,000. To enhance xAI’s chatbot further, Musk intends to incorporate data from Tesla, SpaceX, The Boring Company, and Neuralink. Possible applications of Grok include making Tesla vehicles fully autonomous and potentially integrating it into Tesla’s humanoid robot, Optimus, in the future.
As a crypto investor and user of the X/Twitter app, I’m excited to share that our app holds a significant stake in xAI, as reported by TechCrunch. This means that Elon Musk, through his X company, has strategically positioned us to financially gain from his AI bot. Given the substantial losses Musk has experienced since purchasing Twitter for $44 billion in 2022, this additional revenue stream is essential.
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2024-04-26 18:31