Will xAI Company be able to raise $1 billion in funding? Bloomberg report raises doubts

However, it is expected that in a few weeks We will see that xAI Company that will develop artificial intelligence technology Will it be able to raise the budget of $1 billion or not, according to a report by Bloomberg news agency.

If we go back to the day when Elon announced the launch of his AI company, it was a time when artificial intelligence technology It is becoming very popular and companies’ AI is being questioned about the security measures and copyright of the data that the AI ​​is used to learn.

Downtrend of AI?

But if this funding is unsuccessful, it may turn out to be a downturn for AI after it was very popular last year. Because developing AI takes time and a lot of money. Therefore, investors who have invested money and have not yet seen returns or various products that will be released may result in a lack of confidence and subsequent selling of other companies’ stocks.

2024-01-21 17:03:15
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