The Web3 Wavefronts Podcast presented by www.theWeb3.News, brings you straight to the point of Web3, blockchain, crypto, and AI news. We deliver the essential updates and insights, stripping away the complexity to give you news that's easy to digest.
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The Web3 Wavefronts Podcast presented by www.theWeb3.News, brings you straight to the point of Web3, blockchain, crypto, and AI news. We deliver the essential updates and insights, stripping away the complexity to give you news that's easy to digest.
What You Get:
Our Promise: To keep you informed with news that cuts to the chase. "Web3 Wavefronts" ensures you're updated on the latest in technology without the overload. Whether you’re deeply invested in these fields or just getting started, we make sure you get the news in a way that makes sense to you.
Stay Informed: With "Web3 Wavefronts," you stay ahead of the curve with news that matters, explained in a way that’s straightforward and quick to grasp.
Hosted on Acast. See acast.com/privacy for more information.
xAI, the generative AI startup founded by Elon Musk, raised $10 billion through debt and equity. The funding included $5 billion from a strategic equity investment and additional funds from term loans and secured notes. Prior to this, xAI raised $6 billion in a Series C funding round, achieving a $50 billion valuation, and another $6 billion in May 2024 during a Series B round with a valuation of $24 billion. The current valuation after this latest funding round remains undisclosed. xAI plans to enhance its chatbot, Grok, using data from Musk's other company, X, which it acquired earlier this year. xAI competes with startups such as OpenAI, which recently announced a $40 billion funding round and a valuation of $300 billion, and Anthropic, which secured $3.5 billion in a Series E round, reaching a valuation of $61.5 billion.
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