Investors continue to buy into the AI hype
Elon Musk's xAI has announced a series B funding round of $6 billion that takes the company to a valuation of $24 billion, according to the billionaire.
Grok-1.5V, the company's first attempt at a multimodal model that can process visual information as well as text, was announced last month. We noted at the time that critics say it has relatively lackluster performance in benchmarks compared to its rivals, although it is early days., but the AI world is awash with cash at the moment, prompting all too many vendors to slap the special letters on all manner of products.
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