Musk’s xAI Raises $6 Billion, Magic Leap And Google Are Besties Again, Meet The Netflix Of AI

Even though Musk’s Xai’s fundraise is the most newsworthy, this week I’m leading with something insanely great. In a throwback to the salaryman era of post-world war 2 corporate America,. “Thank you for opening up my eyes/The future is bright with Canva Enterprise!” This is also a once in a lifetime opportunity to pimp my friends Steve Young and Sport Murphy’s book,Grok logo on a phone screen, in Ankara, Turkiye on November 7, 2023.

The pre-money valuation of $18 B. Musk has been critical of his former company OpenAI and its partnership with Microsoft. He has also expressed concerns about bias in Google's AI products. xAI, founded a year ago, has released a chatbot called Grok to premium X user. The company aims to develop"truthful" AI systems, but by design Grok is better at cracking wise.

The 3D software giant has acquired Wonder Dynamics, a startup specializing in AI-powered tools for visual effects and character creation. Wonder Dynamics' flagship product, Wonder Studio, simplifies the complex process of integrating CG characters into live-action footage. No financial details about the private transaction are available. Prior to the acquisition, Wonder Dynamics raised $2.5 million seed round followed by an additional $10 million.

Once upon a time, the two were besties, with an acquisition by Google expected by many observers. The search giant’s 2014 investment of $500 M was written off long ago. The new cast of characters seeks to combine Magic Leap's expertise in optics and device manufacturing with Google software. While details are scarce, the partnership is another signal Google is yet to cede the field to Meta and Apple.

While Magic Leap founder, entrepreneur and podcast co-host Rony Abovitz posted this hopeful reminiscence of Google’s generous ways with his companyThey join the burgeoning ranks of media companies that would rather take the money than fight. The deals give OpenAI access to publishers' vast archives and current content. In turn, publications will be compensated and access OpenAI's technology to develop new products and features.

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