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- Elon Musk’s xAI Aims for $40 Billion Valuation
Elon Musk’s xAI Aims for $40 Billion Valuation
Plus: OpenAI Partners with Broadcom & AMD for Custom AI Chips
Welcome to Get The Gist, where every weekday we share an easy-to-read summary of the latest and greatest developments in AI—news, innovations, and trends—all delivered in under 5 minutes! ⏱
In today’s edition:
Elon Musk’s xAI Aims for $40 Billion Valuation
OpenAI Partners with Broadcom & AMD
Google Now Generates Over 25% of New Code with AI
Github Copilot Now Supports Gemini and Claude LLMs
And more AI news….
Top Developments
xAI
Image by: X Corp.
The Gist: Elon Musk’s xAI, known for developing the ChatGPT rival Grok, is reportedly pursuing funding to reach a $40 billion valuation, with plans to double its AI supercomputer cluster.
Key Details:
xAI plans to raise billions to expand its operations and develop the “Colossus” supercomputer, which currently has 100,000 Nvidia GPUs and could grow to 200,000.
Grok, xAI’s large-language model, is integrated into Musk’s platform X (formerly Twitter), supporting interactive AI features.
The company’s mission focuses on advancing human understanding, with Musk labeling Colossus the “most powerful training system in the world.”
xAI’s last funding round in May valued the business at $24 billion, underscoring rapid growth and investor interest.
OpenAI
Image by: Bloomberg
The Gist: OpenAI is collaborating with Broadcom to develop its first custom AI chips, while leveraging AMD hardware on Microsoft Azure in the interim.
Key Details:
OpenAI has built a team of 20 engineers, including former Google TPU specialists, to design a custom AI inference chip with Broadcom and TSMC, aiming for release by 2026.
While training AI models is resource-intensive, OpenAI’s focus is on inference chips, which may soon outpace the training market due to increased AI app deployment.
AMD’s MI300X chips will power OpenAI’s current systems on Azure as AMD seeks to challenge Nvidia’s dominance in the AI hardware market.
The collaboration with Broadcom allows OpenAI to streamline costs and resources, joining a trend of major tech companies building custom hardware to meet escalating AI demands.
Image by: Google
The Gist: More than a quarter of all new code at Google is generated by AI and later reviewed by engineers, underscoring AI’s essential role in both product development and internal processes.
Key Details:
Over 25% of new code at Google is generated by AI and then reviewed by engineers, marking a milestone in the company’s use of AI for development.
Alphabet’s Q3 revenue reached $88.3 billion, with Google Services generating $76.5 billion (up 13% year-over-year) and Google Cloud at $11.4 billion (up 35%).
Google reported strong operating incomes, with Google Services hitting $30.9 billion and Google Cloud reaching $1.95 billion, significantly higher than last year.
Quick Gist
GitHub announced a multimodel update for GitHub Copilot, adding support for Google's Gemini and Anthropic's Claude LLMs alongside expanded OpenAI models to enhance developers' flexibility in coding assistance (Read More).
Elon Musk plans to double xAI's Colossus supercomputer to 200,000 NVIDIA GPUs to accelerate training for Grok 3, his upcoming language model (Read More).
Musk is also encouraging users to submit medical scans to Grok for analysis, though healthcare experts advise caution, emphasizing that AI should support medical professionals rather than replace them (Read More).
Innovative Eyewear launched the Lucyd Armor AI safety glasses that provide ANSI Z87.1-certified protection and AI access to chatbots like ChatGPT, designed with audio features for worksite environments (Read More).
Meta is developing a search index for its AI chatbot to provide summaries of current events, aiming to reduce its reliance on Google and Bing for information (Read More).
Meta is enhancing the Llama AI models to improve reasoning and decision-making, with Llama 4 expected by 2025, marking its efforts to remain competitive in the autonomous machine intelligence landscape (Read More).
Google's Gemini AI on Android tablets and foldable phones now includes a split-screen shortcut, allowing for side-by-side multitasking, which improves user experience for interactive AI tools (Read More).
Amazon Web Services (AWS) launched an updated Q Developer AI assistant with inline chat functionality in IDEs, streamlining the coding process and increasing competition with GitHub Copilot (Read More).
THAT’S IT FOR TODAY!
That’s it for today, see you tomorrow! 👋
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