In a familiar critique of corporate structures, Musk also weighed in on the ideal environment for fostering such long-term, existentially focused AI. He declared, “For long-term optimization, it is better to be a private than a public company, as the latter is punished for long-term optimization beyond the reward cycle of stock portfolio managers.”

From OpenAI launching ChatGPT Agent to handle complex computer tasks to SpaceX investing $2B in Elon Musk’s xAI , AIStory brings a recap of major developments and emerging trends in the sector this week.

SpaceX is investing $2 billion into xAI, Elon Musk's AI venture, as part of a larger $5 billion fundraising effort. This significant investment aims t

According to a Wall Street Journal report that cites investors close to SpaceX, the company has agreed to invest $2 billion in Musk’s AI startup xAI. The investment would reportedly be part of the $5 billion equity raise (along with another $5 billion in debt) that Morgan Stanley announced at the end of June.

The company that controls the full stack – from chips to applications to distribution – may ultimately win the AI race.” So states AInvest in its keen observation of the high-stakes arithmetic supporting SpaceX’s record-breaking $2 billion investment in xAI,

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