Elon Musk’s xAI Eyes $40B Valuation to Compete?

What we’ll cover today:

🤖 Musk’s Next Big AI Move?

👨‍💼 3 Powerful Ways CFOs Can Use AI Governance.

🙋‍♂️ AI is ‘Incredible’, But it Still Needs ‘You’.

🔗 The Event Roundup.

Musk’s Next Big AI Move?

Imagine the world’s richest man taking on AI’s biggest giants.

• Elon Musk’s AI company, xAI, is eyeing a $40 billion valuation.

• Goal: Rival industry heavyweights like OpenAI.

Musk co-founded OpenAI but split to build his own competitor.

Now, with xAI, he’s bringing serious tech power to the AI race.

Key Moves:

• Backed by top investors like Andreessen Horowitz and Sequoia.

• Supercharging a Memphis data center to run 100,000 Nvidia chips.

• Developing AI breakthroughs, including the “Grok” chatbot.

Though funding talks are still early, Musk’s ambitions are clear.

Here’s the whole article

1. 3 Powerful Ways CFOs Can Use AI Governance.

This is a tweet from Walter H. Haydock.

He’s a security leader and entrepreneur and tweets at the intersection of AI, security, privacy, and compliance.

In his latest tweet, he said:

“Three powerful ways CFOs can use AI governance to manage risks and boost profits: 

- Transfer risk with indemnification (not legal advice)

- Avoid software expense with AI inventory

- Standardize contract terms

Check out the video for details.”

Here’s The Video.

2. AI is ‘Incredible’, But it Still Needs ‘You’.

This is a tweet from Walter H. Haydock.

With over 51K Twitter followers, Walter is an AI consultant and host of AI in marketing unpacked.

In his latest tweet, he said:

“AI is incredible at creating content, but it still needs YOU.” and shares a video of Nicky Saunders on it.

Here’s The Video

1. Meta Develops AI Search Engine: Reducing Dependency on Google and Microsoft.

Meta is on an exciting journey to create its AI-powered search engine. The goal is to reduce its reliance on Google and Microsoft.

This shift will give Meta more control over data access and boost its operational independence.

2. Vara Snaps $8.9M to Expand AI Breast Cancer Screening Tech to India

Vara, a German-headquartered AI breast cancer screening startup, has snapped $8.9 million in funding. 

This follows the €4.5 million in an extension to its Series A funding raised in 2022. 

This round welcomes new investors, including European family offices Smart Family Office (Austria) and FJH (Germany) and Berlin-based healthcare investor IBB Ventures, which recently backed Ucaneo.

3. How Do You Change a Chatbot’s Mind?

The article discusses concerns over AI chatbots being manipulated by users for misinformation or harmful intent. Tech companies are already working to secure their AI models against such risks to protect real-world impact.