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xAI

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Founded in March 2023, Elon Musk's xAI is an AI-focused company that develops large language models (LLMs) and related applications. Its team includes former employees of prominent AI companies, such as OpenAI, DeepMind, Google Research, Microsoft Research, and Tesla.

In November 2023, the company launched Grok, an AI assistant that allows users to obtain answers to questions based on information available online. Grok is based on xAI’s LLM, Grok-1, aimed at excelling in tasks like middle school mathematics, multiple choice questions, Python code completion, and LATEX-formatted math problems. xAI claims that its major edge lies in Grok's ability to source real-time information through the X (formerly Twitter) platform. This makes it stand out among other similar products as it claims to offer users more updated, current responses to their queries. Moreover, Grok elicits a slightly sarcastic and witty tone, making the AI interaction more engaging for the users.

Grok was made available to users with X premium subscriptions in the US and 45+ other countries in December 2023. 

In March 2024, xAI open-sourced the foundational code of its Grok AI model excluding the training code to assist developers and researchers to work on the model, thereby influencing its future updates. In March 2024 it introduced the Grok 1.5 model with improved reasoning capabilities and in April 2024 it introduced Grok-1.5V with vision capabilities.

Funding and financials

In December 2023, xAI raised USD 135 million , while filing to raise up to USD 1 billion. 

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Key stats
Featured companies
277
Total funding (USD)
29.1 Bn
Total addressable market (USD)
20.9 Bn
Key competitors
 
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EDGE Insights

AI/ML top picks: The GenAI arms race accelerates
GenAI ecosystem (Q4 2023): Product features and model capabilities evolve

Recent Updates

Partnerships
May 4, 2024
X introduces Grok-powered feature to summarize trending stories
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Funding
Apr 26, 2024
xAI to raise USD 6 billion in venture funding
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Product updates
Apr 12, 2024
xAI introduces multimodal Grok-1.5V with vision capabilities
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Product updates
Apr 5, 2024
xAI expands Grok access to premium X subscribers
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Product updates
Mar 17, 2024
xAI open-sources base code of Grok AI model on GitHub
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Geographic expansion
Dec 14, 2023
xAI launches new AI Chatbot GrokAI in India and 45 countries
Generative AI Applications

Company Brief


HQ location:
Austin TX USA
Founded year:
2023
Employees:
101-250
Website:
Total Funding:
USD 134.7 million
Last Funding
USD 134.7 million, Dec 2023

Funding


Funding data are powered by Crunchbase
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