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Elon Musk’s xAI doubles valuation after $5 billion funding round

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Hello Easy Cloud community! Here you’ll read about AI news, AI companies, and AI emerging trends - targeting a Christian audience. Click for online newsletter.

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Bible Verses of the Day

7 “Ask, and it will be given to you; seek, and you will find; knock, and it will be opened to you. 8 For everyone who asks receives, and the one who seeks finds, and to the one who knocks it will be opened. [Matthew 7:7-8, ESV]

What's in this week's issue?

  • 💸 Elon Musk’s xAI doubles valuation after $5 billion funding round

  • 😲 OpenAI accidentally erases potential evidence in training data lawsuit

  • ⛅️ Easy Cloud News

  • 📰 AI News

  • 🧰 AI Tools

Generated by Midjourney

Elon Musk’s AI startup xAI has reportedly reached a $50 billion valuation, following a funding round that secured $5 billion for the company.

As reported in the Wall Street Journal, the most recent financial backing brings the total amount raised by xAI this year to $11 billion, with several prominent participants including the Qatar Investment Authority, Andreessen Horowitz, Valor Equity Partners, and Sequoia Capital.

The $50 billion valuation doubles the firm’s previous status, estimated at $24 billion after the $6 billion funding round in spring. xAI is said to be intent on acquiring a further 100,000 Nvidia chips to evolve the training of its AI models.

Generated by Midjourney

In a stunning misstep, OpenAI engineers accidentally erased critical evidence gathered by The New York Times and other major newspapers in their lawsuit over AI training data, according to a court filing Wednesday.

The newspapers’ legal teams had spent over 150 hours searching through OpenAI’s AI training data to find instances where their news articles were included, the filing claims. But it doesn’t explain how this mistake occurred or what precisely the data included.

While the filing says OpenAI admitted to the error and tried to recover the data, what it managed to salvage was incomplete and unreliable — so what was recovered cannot help properly trace how the news organizations’ articles were used in building OpenAI’s AI models.

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The Gospel Coalition

Listen or read the following transcript as Joel R. Beeke discusses the importance of perseverance in discouraging times, drawing inspiration from Puritan teachings. Beeke elaborates on how the Puritan approach to perseverance can offer valuable lessons for maintaining faith and resilience today.

The following unedited transcript is provided by Beluga AI.

AI News

  • 🇨🇳 A Chinese lab has released a ‘reasoning’ AI model to rival OpenAI’s o1 (link)

  • 🩻 You shouldn’t upload your medical images to AI chatbots (link)

  • 🏠️ AI tenant tool SafeRent settles $2.3M housing bias lawsuit (link)

  • 🕶️ Meta brings certain AI features to Ray-Ban Meta glasses in Europe (link)

  • 💪 Wearable ultrasound tech for muscle monitoring (link)

AI Tools

  • 📽️ Lookie: Transform YouTube into a knowledge resource (link)

  • 📈 Fable: Create stunning demos with a simple prompt (link)

  • 💻️ Editor.do: Create, code, host, and deploy static websites (link)

  • 🐋 Beluga: Christian sermon and lecture transcripts, translations and more (link)

  • 🎦 Flickifyai: Create viral videos in minutes (link)

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