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26-887: For technical reasons , "xAI" redirects here. For the company, see xAI (company) . Xai , XAI or xAI may refer to: Explainable artificial intelligence , in artificial intelligence technology Xai-Xai , a city in the south of Mozambique XAI, the IATA airport code for Xinyang Minggang Airport , in Xinyang, China xai , the ISO 639-3 language code of Kaimbé language , an extinct language in Brazil. xAI (company) , an American artificial intelligence company See also [ edit ] All pages with titles containing Xai All pages with titles beginning with Xai Topics referred to by

52-480: A $ 600 million Sequoia Crypto Fund. As one of the first sub-funds of Sequoia Capital Fund, the crypto fund will mainly invest in cryptocurrencies traded on third-party exchanges. In June 2022, Sequoia announced that it had raised $ 2.85 billion in additional funds to invest in India and Southeast Asia. The amount of funds raised is also the largest to date for the company in both India and Southeast Asia. In June 2023,

78-412: A Python code editor and rich analytics to empower users in exploring and refining prompts for large language models like Grok-1. On March 2024, Grok was made available to all X Premium subscribers; it was previously available only to Premium+ subscribers. On March 17, 2024, xAI released Grok-1 as open source . On March 29, 2024, Grok-1.5 was announced, with "improved reasoning capabilities" and

104-457: A context length of 128,000 tokens. On April 12, 2024, Grok-1.5 Vision (Grok-1.5V) was announced. Grok-1.5V is able to process a wide variety of visual information, including documents, diagrams, graphs, screenshots, and photographs. On August 14, 2024, Grok-2 was made available to X Premium subscribers. It is the first Grok model with image generation capabilities. On October 21, 2024, xAI released an API. Sequoia Capital Sequoia

130-706: A fund that the firm's general partners then invest in business ventures. Its limited partners have primarily been university endowments, charitable foundations, and other large institutions. Sequoia specializes in seed stage, early stage, and growth stage investments in private technology companies, including those in the clean tech, consumer internet, crypto, financial services, healthcare, mobile, and robotics sectors. The firm has been often recognized for its strong track record of early investments. The firm has also distinguished itself from other top venture capital firms by diversifying its investments and not just focusing on U.S. early-stage venture capital. Sequoia

156-657: A new fund structure for its U.S. and European business that would allow it to remain involved with companies after their public market debuts. In March 2022, The Information reported that Sequoia Capital China was raising an $ 8 billion fund to invest in Chinese tech companies. Following the collapse of Silicon Valley Bank in March 2023, the Federal Deposit Insurance Corporation had backstopped Sequoia's $ 1   billion in deposits in

182-429: A strategy of investing in several competitors in the same sector and then later pushing for their consolidation. According to Chinese media , Sequoia was one of the major influences in mergers between Meituan and Dianping , between Uber China and Didi , and between VShop and Lefenghui. Sequoia Capital is structured as a limited liability company . Investors, referred to as limited partners, contribute money to

208-461: Is an umbrella brand for three different regionally focused venture entities: Notable successful investments made by the firm include Apple , ByteDance , and Cisco . Sequoia was founded by Don Valentine in 1972 in Menlo Park, California, at a time when the state's venture capital industry was just beginning to develop. Sequoia formed its first venture capital fund in 1974, and

234-889: Is an umbrella brand for three different venture entities: one focused on the U.S. and Europe, another on India and Southeast Asia, and a third on China. Following the June 2023 announcement to make the three entities independent, from 2024 the ventures would no longer share investors or profits. A notable opportunity missed by Sequoia was the failure to invest in Facebook in its early days c. 2005; John Naughton suggested that this failure led to " fear of missing out " and may have contributed to Sequoia's investing heavily in FTX in 2022, prior to its collapse in 2023. In 2019, Sequoia made more new seed-stage investments than Series A deals. That same year, Hurun Research Institute identified Sequoia as

260-510: Is different from Wikidata All article disambiguation pages All disambiguation pages XAI (company) X.AI Corp. , doing business as xAI , is an American startup company working in the area of artificial intelligence (AI). Founded by Elon Musk in March 2023, its stated goal is "to understand the true nature of the universe". xAI was founded by Musk in Nevada on March 9, 2023, and has since been headquartered in

286-523: Is planned to be the most advanced AI model when it becomes fully operational in December 2024. Local government in Memphis has voiced concerns regarding the increased usage of electricity, 150 megawatts of power at peak, and while the agreement with the city is being worked out, the company has deployed 14 VoltaGrid gas generators to temporarily enhance the power supply. Environmental advocates claim that

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312-471: Is to create an AI that is capable of advanced mathematical reasoning, something not found in current models. On November 4, 2023, xAI unveiled Grok , an AI chatbot that is integrated with X . xAI stated that when the bot is out of beta , it will only be available to X's Premium+ subscribers. On November 6, 2023, xAI released PromptIDE, an integrated development environment designed for prompt engineering and interpretability research, offering tools like

338-439: Is unique for VC funds as they are typically funds with a 10-year fund cycle instead of an open-ended evergreen fund. The Sequoia fund will no longer need to sell or distribute stock as in the usual VC fund cycle. Instead, limited partners who want liquidity can pull money out of the fund. Sequoia also announced it would become a RIA which would allow the firm more flexibility in its investments. In February 2022, Sequoia raised

364-612: The San Francisco Bay Area in California. Igor Babuschkin, formerly associated with Google's DeepMind unit, was recruited by Musk to be Chief Engineer. Musk officially announced the formation of xAI on July 12, 2023. He linked the date (7 + 12 + 23 = 42 ) to the book The Hitchhiker's Guide to the Galaxy by Douglas Adams , in which a supercomputer calculates that the answer to the ultimate question of life,

390-842: The Sequoia name. In July 2023, Sequoia announced to cut one-third of its talent staff as part of an organizational restructuring. In October 2023, the United States House Select Committee on Strategic Competition between the United States and the Chinese Communist Party announced a probe into Sequoia Capital's investments in China. As of at least 2024, Sequoia is the largest investor in China's consumer internet sector . It has often used

416-566: The bank. In June 2023, Sequoia announced plans to break up into three entities citing complications running a decentralized global investment business in the middle of geopolitical tensions. Following the separation, expected to complete by March 2024, the Chinese business led by Neil Shen would be called HongShan ("sequoia" in Mandarin) and the Indian and Southeast Asia arm would be named Peak XV Partners. The U.S. and Europe unit would retain

442-562: The company secured the support of various venture capital firms, including Andreessen Horowitz , Lightspeed Venture Partners , Sequoia Capital and Tribe Capital . In May 2024, Musk predicted that AI will make most jobs obsolete, requiring a high universal income . In June 2024, the Greater Memphis Chamber announced xAI is planning on building the world's largest supercomputer in Memphis, TN . The supercomputer

468-588: The day-to-day operations of the firm. Leone became Global Managing Partner. Jim Goetz led Sequoia's US business from 2012 until 2017, when he was succeeded by Roelof Botha . In 2016, Sequoia hired Jess Lee , making her the first female investing partner in the United States in the firm's history. In 2019, it was the most active VC fund company in India. In March 2020, Sequoia announced it would hire Luciana Lixandru as its first partner based in Europe. In October 2021, Sequoia announced it would implement

494-404: The firm led a Seed round funding of $ 5.7 million for Defense startup, Mach Industries. In July 2023, it reduced the size of its cryptocurrency fund from $ 585 million to $ 200 million, and shifted focus to young start-ups after an industry crash. In 2023, Sequoia launched its Open Source Fellowship to fund up to three open source developers annually via an equity-free fellowship. In July 2024,

520-503: The firm led a Series B funding round funding of $ 77M million for Fireworks AI. Sequoia Capital along with other notable venture capital investors made an investment in the cryptocurrency exchange FTX , founded by Sam Bankman-Fried . Sequoia was very enthusiastic about FTX, and published an article which was a glowing tribute to Bankman-Fried (since deleted) on its website on 22 September 2022. FTX failed in 2023, with about $ 8 billion of investors' money missing, and Bankman-Fried

546-405: The gas-burning turbines emit large quantities of gases causing air pollution, and that xAI has been operating the turbines illegally without the necessary permits. As of August 2024 , Musk diverted a large number of Nvidia chips which had been ordered by Tesla, Inc. to X and xAI. While xAI's stated goal is "to understand the true nature of the universe", one of its immediate objectives

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572-403: The same term [REDACTED] This disambiguation page lists articles associated with the title Xai . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Xai&oldid=1188675760 " Category : Disambiguation pages Hidden categories: Short description

598-462: The universe, and everything is 42; and to the company's mission "to understand the universe". In December 2023, in a U.S. Securities Exchange Commission (SEC) filing, xAI revealed that it had raised US$ 134.7 million in outside funding out of a total of up to $ 1 billion. Despite the filing, Musk later claimed via X that xAI was not seeking any funding. In May 2024, xAI was reported to be looking for $ 6 billion of funding. Later that same month,

624-546: The world's top unicorn investor, noting it had invested in one in five of all private companies valued at $ 1 billion or more. In July 2021, Sequoia published a piece about "the Latin American startup opportunity" that signaled it would increase its focus there. In October 2021, Sequoia announced the Sequoia Capital Fund, a new fund structure for its U.S. and European business. The fund structure

650-517: Was an early investor in Atari the next year. In 1978, Sequoia became one of the first investors in Apple . Partners Doug Leone and Michael Moritz assumed leadership of the firm in 1996. In 1999, Sequoia established a dedicated investment fund for Israeli startups. In 2005, Sequoia Capital China was established, later followed by Sequoia Capital India. In 2012, Moritz took a step back from

676-635: Was convicted of fraud. The value of Sequoia's investment in FTX was ultimately written down to $ 0; it is estimated that they lost $ 214 million on their investment. The company released a notice to investors, stating that their stake in FTX represented a small amount of their investment portfolio. They also removed the profile of Bankman-Fried from their website. In 2009, Sequoia launched its scout program, which functions as an individual investor network that provides founders and other individuals with capital to invest in promising early-stage startups. Sequoia Scouts have invested in over 1,000 companies. Sequoia

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