ANALYSIS: Elon Musk Officially Joins the AI Battle, Predicts Human Job Losses

The year 2024 has emerged as a fiercely competitive time in the field of artificial intelligence (AI), with both OpenAI and Google unveiling more advanced and lifelike AI systems. Recently, Elon Musk’s xAI has entered the fray, announcing a significant milestone with $6 billion raised in funding. However, Mr. Musk’s prediction that AI will replace human jobs casts a chilling shadow over these advancements.

On May 27, xAI, a company founded by Musk, announced that it had secured $6 billion in a series B funding round, valuing the company at $24 billion. This funding round received substantial backing from prominent investment firms and banks, including Andreessen Horowitz, Sequoia Capital, and Kingdom Holding.

The company statement noted that xAI had launched its Grok-1 model on the social media platform X last November, with the open-source occurring in March this year. Since then, the company has released the more advanced Grok-1.5 and Grok-1.5V models. Future developments are anticipated, with new products expected to hit the market in the coming months, enhancing xAI’s initial offerings and establishing advanced infrastructure.

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