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Elon Musk’s AI startup raises $6bn for market expansion
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By Francesca Hangeior.
Elon Musk’s artificial intelligence startup xAI has raised $6bn in a Series B funding round backed by investors including Valor Equity Partners, Andreessen Horowitz and Sequoia Capital, among others.
In a statement posted on its website on Sunday, the startup announced that the funds from this round would be used to bring xAI’s first products to market, build advanced infrastructure, and accelerate the research and development of future technologies.
“xAI will continue on this steep trajectory of progress over the coming months, with multiple exciting technology updates and products soon to be announced,” the startup said.
Musk’s company is primarily focused on the development of advanced AI systems that are truthful, competent, and maximally beneficial for all of humanity.
“There will be more to announce in the coming weeks,” billionaire businessman Musk said in a post on X in response to the announcement of the funding.
From the announcement of the company in July 2023 to the release of Grok-1 on X in November, to the recent announcements of the improved Grok-1.5 model with long context capability and Grok-1.5V with image understanding, xAI’s model capabilities have improved rapidly.
With the open-source release of Grok-1, xAI has opened doors for advancements in various applications, optimisations, and extensions of the model.
Startups in artificial intelligence have resisted the current funding downturn in tech, with investors seeing opportunities for specialist AI applications in sub-sectors such as defense.
According to Stanford’s Institute for Human-Centered Artificial Intelligence, funding for AI startups reached $25.2bn in 2023, nearly nine times the investment in 2022 and about 30 times the amount in 2019.
Investors are looking for AI startups that challenge the status quo, develop better solutions, and drive real human progress.
They prioritise factors such as market approach, team, technology, and execution planning when evaluating AI investments.
Norwegian Air Shuttle, has changed its logo to that of British Airways on Instagram after losing a bet on the 2026 FIFA World Cup quarter-final match between England and Norway on Saturday.
Ahead of the high-profile match, Norwegian Air challenged British Airways to a wager that would see the losing airline replace its Instagram profile picture with the winner’s logo for 24 hours.
Hey @british_airways, do you wanna make
a bet? If Norway wins, you have to switch to our logo on Instagram on Sunday (one day). And vice versa. Deal?,” Norwegian Air posted on Instagram before the match.
British Airways wasted no time accepting the friendly offer, warning the challenger against biting off more than they could chew, writing “Don’t make bets you can’t win.”
During the match, it was the Norwegians who landed the first blow after Andreas Schjelderup opened the scoring for them in 36th minute, firing home the ball over goalkeeper Jordan Pickford, who was caught off his line.
It was looking like Norway would take the lead into the break until Jude Bellingham drove a pass from Anthony Gordon into the box before latching it into the net from close range to equalise for England.
Neither side was able to find the net in the second half, forcing the match into extra time when Bellingham scored within its first three minutes, which ended up being the winning goal of the match to send England into the semifinals.
Following Norway’s defeat, Norwegian Air acknowledged the result and immediately fulfilled the bet’s condition by swapping its Instagram profile picture for the logo of British Airways.
“While the tournament is over for us, this friendly bet will forever live in all our hearts. We wish England and
@british_airways all the best in the semi-final, and we sincerely hope you’ll get to bring football home!,” Norwegian Air said in response to losing the bet.
Also, British Airways thanked its Norwegian Airways counterpart for the challenge, assuring that both England and Norway would remain friends forever.
“Rivals for 90 minutes, friends forever. A little competition keeps things interesting, thanks for challenging us @flynorwegian! Well done to the England team on qualifying for the World Cup semi-finals! It’s coming home!,” the airline said.
Nevertheless, the World Cup marked a historic milestone for Norway because it’s the first time the Scandinavian nation reached the tournament’s quarter-finals.
It was a sad tale as the collapse of the Gombe State House of Assembly complex under construction has claimed one life and left seven others injured.
The incident occurred on Friday when a section of the building gave way, trapping construction workers beneath the debris before emergency responders launched a rescue operation.
Head of Operations, National Emergency Management Agency (NEMA), Gombe Operations Office, Ahmed Ummanah, confirmed the incident, stating that all the trapped workers were rescued from the rubble.
He disclosed that three of the injured victims were taken to the Federal Teaching Hospital (FTH), Gombe, while five others were evacuated to the Gombe State Specialist Hospital for medical treatment. He added that some of the victims sustained severe injuries.
The construction company handling the project had yet to issue an official statement on the incident as efforts to obtain its reaction were unsuccessful.
Authorities have commenced investigations to determine the cause of the building collapse, while safety experts are expected to assess the structural integrity of the project.
Construction of access road from Tungan Madaki to Zuba will be Flagged off today
#ProjectsFCT2026
#FCT31DaysCommissioning
Norwegian Air adorns British Airways logo for 24hrs after losing 2026 World Cup wager
One dies, seven injured as Gombe Assembly Complex under construction collapses
DAY 24 of Projects Commissioning and Flag-Off in the FCT
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