Musk's xAI Secures $6 Billion in Fresh Funding

Trump Assembles High-Profile AI and Crypto Advisory Council

Author

Jahanzaib Ahmed
December 27, 2024

Hey AI Fans! Happy Friday

Welcome to AI Tools Radar!

Top story: Elon Musk's artificial intelligence startup, xAI, has raised an additional $6 billion in its latest funding round, doubling its total funding to $12 billion.

Holidays Special Offer: Get 51% Off with Codedesign.ai This Winter Season!

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This Morning’s Highlights:

  1. 💰 Musk's xAI Secures $6 Billion Boost

  2. 🖥️ How does Codedesign.ai simplify website building?

  3. 🤝 Trump Assembles High-Profile AI and Crypto Advisory Council

  4. 🧠 Top 5 Trending AI Tools

  5. 📊 European AI Sector Experiences Remarkable Growth in 2024

🕒 Estimated Reading Time: 5 minutes

Musk's xAI Secures $6 Billion Boost

What's happening?

xAI, the company behind the Grok chatbot, has attracted significant investment from major players in the tech and finance sectors, including Sequoia Capital, Nvidia, AMD, and sovereign wealth funds from Saudi Arabia and Qatar.

🔍 Essential Details:

  • Elon Musk's AI venture, xAI, has secured a substantial $6 billion in its latest funding round, bringing its total investment to $12 billion for the year. The round attracted 97 "strategic investors," including prominent names such as Andreessen Horowitz, BlackRock, Sequoia Capital, Morgan Stanley, Fidelity, Kingdom Holdings, Lightspeed, MGX, NVIDIA, and AMD.

  • While specific details remain limited, reports suggest that each investor contributed at least $77,593 to the round. This significant influx of capital is rumored to be earmarked for expanding xAI's computational infrastructure, particularly doubling the capacity of Colossus, the company's AI supercomputer.

  • The expanded computing power is expected to bolster xAI's AI initiatives, including enhancements to its chatbot Grok and the AI image generator Aurora. This move signals xAI's ambition to compete more aggressively in the rapidly evolving AI landscape, challenging established players like OpenAI and Google.

🧐 Why It Matters:

This massive investment underscores the intense competition in the AI sector and Musk's ambition to challenge established players like OpenAI. The funding will enable xAI to accelerate its research and development, potentially reshaping the AI landscape.

How does Code Design AI simplify website building?

Overview: 

It is a revolutionary AI-powered website builder designed to simplify the process of creating, hosting, and exporting websites. It eliminates the need for deep technical knowledge, offering intuitive tools that cater to both beginners and professionals. This tutorial will guide you through the steps of building, hosting, and exporting a website using Codedesign.ai.

Step 1: Access Codedesign.ai

  1. Visit the Website: Navigate to the official Codedesign.ai homepage.

  2. Sign Up/Log In: Create an account or log in using your credentials. Many features may require registration.

Step 2: Start a New Project

  1. Create a New Project:

    • Once logged in, click the "Create New Website" or equivalent option.

    • Provide a name for your project.

  2. Select a Template:

    • Choose from a variety of pre-designed templates tailored to different industries (e.g., e-commerce, portfolio, blog).

    • Alternatively, select a blank template to design from scratch.

  3. Input Initial Details:

    • Fill out prompts about your website's purpose, audience, and core features.

    • The AI will use this information to customize the design.

Step 3: Customize Your Website

  1. AI-Generated Layout:

    • Based on your input, Codedesign.ai generates an initial layout and design.

    • Review the generated design and provide feedback if necessary.

  2. Edit Content:

    • Modify text, images, and multimedia by clicking on elements.

    • Use drag-and-drop functionality to reposition items.

    • Replace placeholder content with your unique information.

  3. Style and Themes:

    • Explore various themes and style options for fonts, colors, and layouts.

    • Apply changes instantly to see real-time previews.

  4. Add Features:

    • Use the menu to include forms, buttons, social media links, or widgets.

    • Integrate tools like e-commerce carts or booking systems if required.

Step 4: Optimize for SEO and Performance

  1. SEO Tools:

    • Navigate to the SEO optimization section.

    • Add meta titles, descriptions, and keywords for each page.

    • Use AI suggestions to improve SEO rankings.

  2. Performance Checks:

    • Run AI-driven performance and accessibility tests.

    • Address any flagged issues like slow load times or unresponsive elements.

Step 5: Preview and Publish

  1. Preview Your Site:

    • Click "Preview" to see how your website appears on desktop, tablet, and mobile devices.

    • Test interactivity, links, and responsiveness.

  2. Publish:

    • If satisfied, click "Publish."

    • Codedesign.ai hosts the website on its servers and provides a live URL.

Step 6: Export Your Website

  1. Download Website Files:

    • Go to the "Export" section in the dashboard.

    • Choose the format for export (e.g., HTML, CSS, JavaScript files).

  2. Integrate with Other Platforms:

    • Use the exported files to host on other platforms or customize further using external tools.

    • Follow hosting provider guidelines to upload files if using a third-party host.

Step 7: Manage and Update

  1. Edit After Publishing:

    • Return to the dashboard to make updates or changes at any time.

    • AI suggests periodic improvements based on visitor analytics.

  2. Monitor Performance:

    • Use in-built analytics to track traffic, bounce rates, and visitor behavior.

    • Adjust website content and design as needed.

— — — — — — —

Trump Assembles High-Profile AI and Crypto Advisory Council

Overview:

President-elect Donald Trump has revealed the key members of his technology advisory team, focusing on artificial intelligence and cryptocurrency. This announcement follows the recent appointment of Sriram Krishnan as Senior Policy Advisor for AI.

🔍 Key Details:

  • David Sacks: Appointed as "AI and crypto czar," overseeing the entire tech advisory council.

  • Michael Kratsios: Named Director of the White House Office of Science and Technology Policy. Kratsios, who served as CTO during Trump's first term and later as MD of Scale AI, will work closely with Sacks.

  • Dr. Lynne Parker: Appointed Executive Director for the President's Council of Advisors for Science and Technology (PCAST). Parker, Trump's former deputy CTO, will support Kratsios in his role.

  • Bo Hines: Selected as Executive Director of the "Crypto Council." Hines, a former college football player and Republican congressional candidate, brings a fresh perspective to the team.

🤓 Why It's Important: 

Trump's formation of this tech-focused advisory team, which he calls the "Crypto Council," signals a strong emphasis on technological advancement and innovation in his upcoming administration. The president-elect's statement, "Together, we will unleash scientific breakthroughs, ensure America's technological dominance, and usher in a Golden Age of American Innovation!" underscores his administration's commitment to positioning the United States at the forefront of AI and cryptocurrency developments.

Trending AI tools

Autocalls automates business phone calls with advanced AI Voice Agents capable of handling conversations in multiple languages. It seamlessly integrates with CRMs to enhance productivity and streamline customer interactions. Perfect for businesses aiming to save time and improve client communication.

Bottest AI is a specialized AI-driven tool designed for testing chatbots. It offers automated testing processes, supports multiple languages, and provides in-depth analytics to optimize chatbot performance. Ideal for developers and businesses wanting reliable and efficient chatbot systems.

BurnerPage AI is an AI-powered conversion optimization tool focused on A/B testing. It helps businesses maximize revenue and refine marketing strategies by identifying the most effective web pages and designs. A must-have for growth-driven teams.

Coda AI is an intelligent tool that assists in content drafting, workflow customization, and integrations. It enhances productivity by enabling users to design bespoke workflows, draft content efficiently, and connect with other tools seamlessly. Perfect for project managers and teams.

Eloise AI is a sophisticated writing assistant that aids in content creation, sentence refinement, and generating new ideas. Its AI algorithms ensure polished and engaging content, making it an invaluable tool for writers, marketers, and creative professionals.

European AI Market Poised for Explosive Growth

European artificial intelligence startups have demonstrated significant momentum in 2024, attracting a substantial portion of venture capital funding and expanding their workforce rapidly.

Key Highlights:

  • AI startups secured 24% of European VC funding, totaling approximately $13.7 billion, up from 15% four years ago.

  • The collective value of European AI companies doubled in four years, reaching $508 billion.

  • Employment in the AI sector surged by 168%, with 349,000 people recruited in 2024.

This growth challenges the prevailing skepticism about European AI capabilities. While still reliant on US resources to some extent, the European AI ecosystem is showing signs of vibrancy and maturity.

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