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Musk's xAI shows there's more money on the sidelines for AI startups | TechCrunch

Apr 29, 2024 - techcrunch.com
OpenAI has entered into a new content licensing deal with the Financial Times, which appears to involve more than just content and money exchange. In other AI news, Elon Musk's AI enterprise, xAI, is now seeking to raise $6 billion at an $18 billion valuation, a significant increase from its previous aim of $3 billion on a $15 billion valuation.

In other tech news, the EU has imposed its DMA rules on Apple's iPadOS, which could lead to the introduction of third-party app stores on the tablet line. Meanwhile, Tesla has received some positive news in China, although the impact is still uncertain. The article concludes with a discussion on the increasing rate at which venture capitalists are investing in AI startups, spurred by OpenAI's ability to secure large deals.

Key takeaways:

  • OpenAI has a new content licensing deal with the Financial Times, which involves more than just content and money exchange.
  • Musk's AI enterprise, xAI, is now looking to raise $6 billion at an $18 billion valuation, a significant increase from the initial $3 billion on a $15 billion valuation.
  • The EU has placed iPadOS under its DMA rules, which should force third-party app stores on the tablet line in time, marking another setback for Apple.
  • Venture capitalists are investing in AI startups at a rapid pace, with OpenAI landing big deals with Microsoft money.
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