Grok chatbot
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xAI Raises $20B in Series E Funding
Read Full Article: xAI Raises $20B in Series E Funding
xAI, Elon Musk's AI company known for the Grok chatbot, has secured $20 billion in a Series E funding round with participation from investors like Valor Equity Partners, Fidelity, Qatar Investment Authority, Nvidia, and Cisco. The company plans to use these funds to expand its data centers and Grok models, as it currently boasts around 600 million monthly active users. However, the company faces significant challenges as Grok has been used to generate harmful content, including nonconsensual and sexualized deepfakes, leading to investigations by international authorities. This situation highlights the critical need for robust ethical guidelines and safeguards in AI technology to prevent misuse and protect individuals.
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