Home » Economy » Downtrend of AI? When Elon Musk’s xAI company encountered news that it had not raised funds beyond the amount they had hoped for.

Downtrend of AI? When Elon Musk’s xAI company encountered news that it had not raised funds beyond the amount they had hoped for.

by Alexandra Hartman Editor-in-Chief

2024-01-21 17:03:15

However, it is expected that in a few weeks We will see that xAI Company that will develop artificial intelligence technology Will it be able to raise the budget of $1 billion or not, according to a report by Bloomberg news agency.

If we go back to the day Elon announced the launch of his AI company, it was a time when artificial intelligence technology It is becoming very popular and companies’ AI is being questioned regarding the security measures and copyright of the data that the AI ​​uses to learn.

Downtrend of AI?

But if this funding is unsuccessful, it may turn out to be a downturn for AI following it was very popular last year. Because developing AI takes time and a lot of money. Therefore, investors who have invested money and have not yet seen returns or various products that will be released may result in a lack of confidence and subsequent selling of other companies’ stocks.

1705858931
#Downtrend #Elon #Musks #xAI #company #encountered #news #raised #funds #amount #hoped

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.