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Musk’s xAI startup burns through $1.3b a month as costs pile up
The company is currently trying to raise US$9.3 billion in debt and equity to cover the gap. Read more at straitstimes.com.
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Musk’s xAI burns through $1bn a month as costs pile up
The rate at which the company is bleeding cash provides a stark illustration of the unprecedented financial demands of the ...
AI talent poaching intensifies: Meta offers $100 million bonuses to OpenAI employees as it struggles to keep pace in the AI race
The massive offers from Meta come as part of a broader, aggressive strategy to accelerate its AI efforts. Meta, which has struggled to keep pace with competitors like OpenAI, Google, and Amazon in the ...