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Elon Musk is clear that his most immediate future passes, yes or yes, due to artificial intelligence. The eccentric magnate launched two years ago Xai After resorting, among others, the resources of Tesla and Spacex to raise funds. Much has rained since then. Elon Musk already has an AI model in the market, Grokand wants to continue growing to stand up to OpenAi, Google and company. For that he needs resources, and something else, but if something has the richest man in the world they are plenty of resources. So he has put the machinery in motion.
-He Elon, can you give me money? – Of course, Elon. – Thank you, Elon. The billionaire has us accustomed to mobilizing Spacex resources to finance their movements. For example, Spacex gave him a loan of 20 million dollars to finance Tesla in its first measures. Also He used Spacex resources to finance The Boring Company And even asked $ 1,000 million to face the purchase of Twitter.
Why use Spacex resources? Because it is his company, he founded it with 100 million dollars from his own pocket and is not a public company, Ergo is not participated and does not have to ask the investors permission. With Tesla, a company that is also CEO, the situation is different. Tesla is a public company and has a shareholders’ board that must approve the mobilization of resources.
It is true that It is a Board of Shareholders faithful to Muskbut it is a process that cannot be skipped. However, in 2016 he used his Tesla actions to Buy Solar City Company of renewables of which Musk was maximum shareholder and Lyndon Rive, his cousin, the CEO. Inverters did not like it too muchby the way.
More money. Knowing that, it will surprise us less than Spacex has approved Invest 2 billion dollars in XAI, the artificial intelligence company that Elon Musk is (surprise) founder and CEO. This investment is part of a capital collection of 5,000 million Announced by Morgan Stanley Last month. It is also the largest investment that Spacex has made in another company and the first in XAI (of which you have record, of course).
Grok now has an anime avatar. This, specifically | Image: Xataka Android
In the background. The reality is that these movements have the objectives to increase the capabilities and assessment of XAI, as well as allow their operations to be maintained. The latter will see that it is still complex.
With regard to “artificially” the valuation of XAI, the most striking movement was undoubtedly The purchase of X by XAI. That increased the valuation of X to 33,000 million dollars and that of XAI to 80,000 million dollars, according to Musk. It is no accident that Grok is integrated into X, which recently to the Starlink customer service support and that Musk wants to use it as the basis for optimus robots.
Everything revolves around Xai into the spearhead of his empire.
But need more. Elon Musk wants to compete against Google, Openai and Anthropic. Your latest model, Grok 4has received excellent scores in the benchmarks, although its impact has not been the same as that of Chatgpt or Gemini. Beyond that, XAI has a small big problem: AI is expensive and spends money in abundance.
XAI has spent billions of dollars in data centers (Some with 200,000 gpus nvidia hopper) And he intends to create a superordinate, Colossuswith a million GPUS Blackwell. The problem, of course, is to get between 50,000 and 62.5 billion dollars that would cost this transactionespecially after recent controversies with Grok.
Not to mention that maintaining and developing Grok costs Xai about 1,000 million dollars per month. For us to get an idea, it is estimated that XAI will spend $ 13,000 million in 2025, but will only generate 500 million dollars in revenues.
Cover image | Gage Skidmore edited by Xataka
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