DAILY INNOVATION BRIEF by Maryanne Kane, Journalist
D A ILY INNOVATION BRIEF By Journalists Edward Kane & Marya nne Kane BILLIONS OF DOLLARS POUR INTO xAI Source: xAI & Stock Elon Musk's newly formed AI company xAI is in the process of raising $6 billion in investment money to take on AI leader Open AI - a company that Musk once supported. Here are some key facts: $6 billion being raised by Musk for his xAI is one of the largest investments in the AI industry xAI was founded last November and its most notable accomplishment to date is empowering X.com (Twitter) with AI capabilities The $6 billion will be used to: Build a supercomputer to run & train next-G Grok, the AI chatbot used by X Bring new AI products to market Build infrastructure to scale up production Develop breakthrough, new AI technologies Musk has been cautionary about AI, urging the US government to regulate and pace its development to prevent dangerous consequences He recently warned all of our jo