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Elon Musk's xAI startup in talks to raise funding at $40B valuation

Elon Musk's xAI startup in talks to raise funding at $40B valuation

Noel Moldvai
October 31, 2024

TL;DR

Elon Musk's xAI startup in talks to raise funding at $40B valuation
Anthropic's AI agents aim to automate office tasks
OpenAI's search engine is now live in ChatGPT
Perplexity AI seeks valuation of about $9 billion in new funding round

Elon Musk's xAI in talks to raise funding at $40 billon valuation

Elon Musk's artificial intelligence startup, xAI, is negotiating a funding round that could value the company at $40 billion, up from its $24 billion valuation five months ago after a $6 billion funding round. xAI, founded by Musk last year, seeks to raise several billion dollars, with the discussions currently in early stages. Other AI startups, such as OpenAI and Perplexity, have recently secured significant funding, reflecting the competitive nature of the AI industry.

Read the full article on The New York Post

Anthropic's AI agents aim to automate office tasks

Anthropic has introduced AI agents capable of independently controlling computers and navigating the web, intensifying competition with Microsoft, Google, and OpenAI. These agents aim to automate routine office tasks, though current success rates are around 14.9%. Unlike competitors who build AI agents for specific applications, Anthropic's approach allows its AI system to operate computers like humans do—using the mouse and keyboard to interact with any program.

Read the full article on PYMNTS

OpenAI's search engine is now live in ChatGPT

OpenAI has launched real-time web search functionality in ChatGPT, initially available for paid subscribers and waitlisted users, with plans to extend access to free, enterprise, and education users soon. This integration enhances ChatGPT's ability to provide up-to-date information, positioning it competitively against AI offerings from Microsoft and Google.

Read the full article on the Verge

Perplexity AI seeks valuation of about $9 billion in new funding round

Perplexity, an AI-powered search engine startup, is seeking to raise $500 million at a valuation of $8 billion. The company has faced legal challenges from media organizations, including a lawsuit from News Corp, alleging unauthorized use of copyrighted content. Despite these issues, Perplexity continues to grow, handling over 100 million queries per week and generating annual revenue of $50 million.

Read the full article on CNBC