00:00We go to the next information about Elon Musk's AI intelligence company, X.A.I.
00:10is in the early stages of negotiations to get new funding.
00:14This funding is expected to increase the company's valuation to US$40 billion.
00:19Previously, it was only US$24 billion in just five months.
00:24Investors are reported to have talked about US$5 billion worth of funding for this company,
00:29although this value may change as negotiations go on.
00:32Elon Musk's AI intelligence company, X.A.I. is in the early stages of negotiations to get new funding.
00:37This funding is expected to increase the company's valuation to US$40 billion.
00:42Previously, it was only US$24 billion in just five months.
00:47Investors are reported to have talked about US$5 billion worth of funding for this company,
00:52although this value may change as negotiations go on.
00:54The increase in X.A.I.'s funding came after OpenAI, a company behind GPT,
00:58managed to get funding that made their valuation rocket up to US$157 billion.
01:05OpenAI, which has boosted the AI technology wave since the end of 2022,
01:09has paved the way for a major funding gap in this sector.
01:14Although recently, investors' enthusiasm for AI companies has begun to decline,
01:18X.A.I. and OpenAI, both high-profile companies that combine technology giants such as Google and Amazon,
01:25remain as two companies that have managed to raise billions of dollars to develop future AI technology.
01:31Last May, X.A.I. managed to raise US$6 billion,
01:35while its competitor, Antropic, raised hundreds of millions of dollars
01:38and in the last few months also plans to increase funding.
01:48Transcription by ESO. Translation by —
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