Elon About xAI's Funding

PLUS: Meta Of India, Chip Industry In 2024

Dear industry leader, here’s your 3-minute recap (without the fluff):

  • Elon Musk denied Bloomberg's report that xAI had secured $500 million in funding

  • BharatGPT aims to be the "Meta of India" for Indian languages

  • The chip industry is projected for a 13% surge this year

  • New tools, funding updates & job postings

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🗞️ News

Elon denied Bloomberg’s news

Bloomberg reported that Elon Musk's AI company 'xAI' had secured $500 million in funding towards a $1 billion goal, citing unnamed sources.

He said the report claiming the funding round was "simply not accurate" when asked about it on X. According to an SEC filing, xAI has so far raised $134.7 million from four unnamed investors since November 2022.

BharatGPT - Meta of India

BharatGPT, an initiative led by researchers at IIT Bombay, aims to become the leading foundational model for large language models (LLMs) in Indian languages, similar to how Meta's models like Llama have become popular for English LLMs.

The researchers are working to acquire more computing power and release additional model versions and modalities like video/speech.

AI chip industry in 2024

The chip industry is expected to grow 13% in 2024 after declining 9.4% in 2023.

Several factors are contributing to this, including a recovery in the memory chip market and a resurgence in end markets like PCs and smartphones. The report also predicts that AI chip sales will exceed $50 billion in 2024.

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📚 Resources

Generative AI: Businesses' new financial wingman (link)

5 ways AI will change business mentorship forever (link)

Bosses, here's how to get your employees to use AI (link)

Should businesses disclose their use of AI? Most Americans say yes (link)

Henrique Braun explains how AI is helping Coca-Cola connect with consumers (link)

P.S. You can still get The Ultimate ChatGPT Toolkit (no email opt-in).

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💰 Funding

Plural, the VC led by founders, pulls together a new $432M fund to back European startups (link)

Spanish travel AI software unicorn TravelPerk picks $104M funding to ease corporate travel woes (link)

💼 Job Board

Manager, Account Based Marketing at Salesforce (US)

Senior Sales Engineer at OctoAI (Remote)

Senior Staff Engineer at MongoDB (Remote)

🤖 Prompt Tutorial

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PS. If you missed yesterday’s issue, you can find it here.

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