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Tech

Musk’s xAI shows there’s more money on the sidelines for AI startups

Here’s to a start to the week rich in AI. OpenAI has a new deal with the Financial Times that caught our attention. Sure, it’s another content licensing deal, but there seems to be a bit more to this tie-in than just the flow of content one way and the money the other.

We also studied the xAI news recently published by TechCrunch: Musk’s AI company is not looking to raise $3 billion at a valuation of $15 billion. No, he’s now looking for $6 billion at a valuation of $18 billion. It’s a plot of capital.

There were even more things to talk about, including the EU delivering even more bad news to Apple by placing iPadOS under its DMA rules. This should force third-party app stores onto Apple’s tablet lineup in time. And Tesla has received some good news in China, although it’s unclear at this point how much impact that will have.

And finally, the Times takes a fascinating look at how quickly venture capitalists are pouring money into AI startups. Given OpenAI’s ability to land big deals with Microsoft’s money, I wonder if this is enough?

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For the full transcript of the interview, for those who prefer to read rather than listen, continue reading or check out our full episode archive on Simplecast.

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