Musk xAI received another US$5 billion in new financing: Qatar Sovereign Fund, Sequoia, A16z... participated in the investment, and the valuation jumped to 50 billion Mg

According to a report by The Wall Street Journal, Elon Musk's AI startup xAI has informed investors that it will raise $5 billion in its latest funding round, valuing the company at $50 billion, more than double its valuation a few months ago. (xAI raised $6 billion in spring funding, valuing it at $24 billion.) According to informed sources, the Qatar Investment Authority, Valor Equity Partners, Sequoia Capital, and Andreessen Horowitz are expected to participate in this round of funding, bringing xAI's total fundraising this year to $11 billion. Trump's election has released positive factors Since Trump's victory, investors have shown greater interest in Musk's companies, including xAI and SpaceX. Musk spent hundreds of millions of dollars supporting Trump's campaign, publicly attended campaign events, and participated in the early transition work to return Trump to the White House, co-leading the Government Efficiency Department (D.O.G.E.) to cut government spending. xAI was founded in July last year, and its AI model Grok was launched in November 2023, later than competitors like OpenAI, Google, and Anthropic. This summer, xAI built a data center in Tennessee that can configure 10,000 Nvidia chips to build its AI models, and Musk has said this data center has the world's most powerful AI cluster, with plans to double its scale. Musk is particularly focused on defeating OpenAI, the developer of ChatGPT. In the latest funding round completed in October, OpenAI was valued at $157 billion, and xAI plans to launch the third version of the Grok model in December. Musk's request for X users to upload health information raises privacy concerns At the same time, Musk has recently publicly asked X users to upload their health data to help train Grok's AI model to diagnose diseases, and users have responded enthusiastically. He tweeted: "Try submitting x-ray, PET, MRI or other medical images to Grok for analysis. This is still early stage, but it is already quite accurate and will become extremely good. Let us know where Grok gets it right or needs work." However, according to a Fortune magazine report, experts believe this is a high-risk goal. While AI is increasingly being used to make complex science more accessible and create assistive technologies, teaching Grok to use data from social media platforms has raised concerns about Grok's accuracy and user privacy. Avandra Imaging CEO Ryan Tarzy pointed out that asking users to directly input data, rather than obtaining de-identified patient data from secure databases, is Musk's way of trying to accelerate Grok's development. This data comes from a limited sample of those willing to upload their images and tests, meaning the AI is not collecting data from a wider and more diverse medical environment.