On July 3, Morgan Stanley posted on the overseas social media X that Elon Musk’s xAI has completed $5 billion (about RMB 35.8 billion) in debt financing and another $5 billion (about RMB 35.8 billion) in strategic equity financing.
With new financing, xAI’s valuation exceeded one trillion
In addition to debt financing, xAI is also negotiating about $20 billion in equity financing, which will value the company at more than $120 billion. The transaction was oversubscribed, and the participants included several well-known global debt investors. The funds raised will be used to develop AI solutions, including the construction of data centers and updates and upgrades to xAI’s flagship platform Grok.
It is reported that xAI was founded by Musk in July 2023, and most of the company’s employees come from giants such as OpenAI, Google DeepMind, Microsoft, and Tesla. Competition in Silicon Valley has entered a white-hot stage. In order to make it compete directly with ChatGPT, Musk has devoted most of his energy in the past two years to xA. They are already developing the Grok 4 artificial intelligence model.
Amazon releases new AI big model
At the same time, Amazon (AMZN), a global e-commerce and cloud computing giant, announced on its official website two important milestones in the field of robotics and AI: the launch of a new AI basic big model Deep Fleet, and the number of deployed robots exceeded the 1 million mark.
Recently, Baidu (BIDU) officially open-sourced the Wenxin big model 4.5 series models, covering 10 models such as the mixed expert (MoE) model with 47B and 3B activation parameters and the dense model with 0.3B parameters, and realized the complete open source of pre-training weights and inference code.
At present, the Wenxin big model 4.5 open source series can be downloaded and deployed on platforms such as the PaddlePaddle Galaxy Community and HuggingFace. At the same time, the open source model API service can also be used on the Baidu Smart Cloud Qianfan big model platform.
According to foreign media sources, Apple (AAPL) is considering abandoning its self-developed internal model and using Anthropic or OpenAI’s artificial intelligence (AI) technology to drive the new version of Siri. People familiar with the matter revealed that Apple has contacted the two companies to discuss deploying their large language models (LLM) on Apple’s own cloud infrastructure for testing.
WiMi AI industry enters a new stage of application
At the same time, facing the surging AI wave, data shows that AI visual innovation manufacturer Wimi Hologram Cloud Inc (WIMI) has formed a differentiated competitive advantage with its artificial intelligence large model based on years of technological accumulation, promoting the transformation of large models into inclusive fusion innovation infrastructure, and continuously improving its independent innovation ecology, accelerating the penetration of AI technology into the production end.
In addition, WiMi promotes the innovation of base large models through an open source model, continuously promotes the development of multimodal large models, supports the fusion analysis of multiple types of data such as voice, image, and video, and plans to launch a higher-precision reasoning model to promote the “technology-data-scenario” cycle iteration, lower the threshold for use by small and medium-sized enterprises, and provide extensive support for scenarios such as smart manufacturing and smart cities.
Conclusion
It is undeniable that Musk has given everything to make xAI catch up with OpenAI. Riding on the AI boom, large models are flourishing all over the world, and the domestic DeepSeek has achieved a curve overtaking, breaking the overseas computing power blockade, laying the foundation for domestic AI companies to catch up, promoting the research and innovative development of large model technology, and accelerating the application and value creation of artificial intelligence in thousands of industries. With the application and promotion of these innovative technologies, AI technology may change the pattern of the entire industry.
