xAI Rockets to $50B in Just 16 Months

Elon Musk's xAI has blitzed the AI scene, skyrocketing to a $50 billion valuation in only 16 months—nine years? Pfft, OpenAI who?

With a fresh $5 billion funding round on the horizon, xAI is turbocharging its Grok chatbot, leveraging data from Musk's X platform. Investors from the Twitter saga now hold 25% of xAI shares, while plans for a Memphis data center and 100,000 Nvidia GPUs hint at bigger, bolder AI ambitions. Hold onto your hats, tech world!