🥊 Musk seeking $6B to challenge OpenAI

Welcome to AI Tool Report!

We’re the #1 resource bringing you the most comprehensive AI coverage in 4 minutes daily…

Today’s top story: Despite denying reports last week, Musk is discussing a $6B investment into xAI, taking the company’s valuation to $20B.

Plus, to celebrate the opening of the GPT store, we’re releasing a new GPT each week. Try our latest one, the ‘Bionic Speed Reader’ to help you absorb information, quickly.

🌤️ This Morning on AI Tool Report

1. 🥊 Musk seeking $6B to challenge OpenAI

2. 📞 AI start-up bans user for Biden’s audio deep-fake

3. 🤝 Altman explores semiconductor collaborations

4. 🔏 Google’s Bard will read private messages

5. 🍟 Musk to invest $1B in AMD & NVIDIA chips

Read Time: 5 minutes

FINANCE

Brought to you by YellowBrick

INVESTMENT

🥊 Musk seeking $6B to challenge OpenAI 

Our Report: Musk is targeting wealthy investors from the Middle East and East Asia to raise $6B in funding for xAI, valuing the company at $20B, and rivaling competitors Anthropic and OpenAI.

🔑 Key Points: 

• Last week, Musk denied reports that his AI company xAI (makers of the chatbot, Grok, which is trained on Tweets) had raised $500M, taking it halfway towards its goal of $1B.

• Document filings show that Musk is in talks with global investors from the Middle East, Hong Kong, Japan, and Korea to raise $6B in investment.

• If successful, this funding will value xAI at $20B, behind OpenAI’s $100B valuation, but ahead of OpenAI competitor, Anthropic, which is valued at $18.4B.

🤨 Why you should care: Musk recently angered current investors, after threatening to remove all Tesla AI projects, unless he got 25% control over the company, which could affect discussions with his new global investors.

In Partnership with Xembly 

• Need to schedule a meeting with 7+ people?

• Need to take meeting notes while staying engaged?

• Need to manage your deliverables and deadlines?

Meet Xena by Xembly, your company’s new AI executive assistant who does the work for you — giving you 400 hours extra a year.

• No more juggling multiple calendars

• No more multi-tasking in meetings

• No more punting or late nights

Just ask Xena to schedule, reschedule, take notes, or block time for a task. Everything else happens automatically.

Boost your team’s productivity with Xembly today! (free for a short time only)

1. ChatUrData uses AI to write SQL, create charts, and send e-mails

2. D-iD creates videos in multiple languages from plain text

3. Caley.io is newsletter management and email analytics

4. MagicSlides creates presentation slides from text

5. Stratup.ai AI-powered startup ideas and tools

DEEP-FAKES

 📞 AI start-up bans user for Biden’s audio deep-fake 

• ElevenLabs (an AI start-up that clones voices in over 20 languages) has closed the account responsible for the audio deep-fake that impersonated President Biden last week (where said user had called voters up and asked them not to vote).

• Pindrop (a security company that identifies synthetic audio) traced the deep-fake by comparing the audio to 120 samples from deep-fake audio technologies.

• ElevenLabs–which is valued at $1.1B, and backed by a16z–has yet to comment but has indirectly stated that it’s "dedicated to preventing the misuse of audio AI tools."

📖 Bionic Speed Reader by AI Tool Report

✅ Edition 1 of 3: Read Faster: Use Bionic Speed Reader to quickly absorb information from lengthy texts, detailed reports, or academic materials. It's ideal for enhancing reading efficiency and comprehension.

How Bionic Reading Works: Bionic Speed Reader highlights initial syllables, guides your eyes, and engages the brain’s predictive capabilities. "Bionic Speed Reading transforms reading, boosting comprehension." As you can see, you just read faster.

Try Speed Reading!

Strategic Account Executive | Dataiku

Remote / $155,000/yr - $165,000/yr / Involves travel

“You’ll be responsible for managing the entire sales cycle and owning a territory with prospects and customers across a variety of industries. We embrace a culture of accountable camaraderie, and this role will enable you to collaborate cross-functionally with colleagues in marketing, product management, and sales engineering. Together, you’ll showcase the business value of Dataiku’s platform, DSS.”

AI/ML Software Developer| ICF

Remote / $82,673/yr - $140,544/yr / 5+ yrs experience in .NET/Python

“The ideal candidate will have a strong background in both .Net and Python, with experience in developing and deploying scalable applications. You will be expected to have a deep understanding of these programming languages and be able to use them effectively to develop, optimize, and deploy AI and machine learning models and processes. Additionally, you should have experience with cloud-based platforms such as AWS, Azure, or GCP, and be familiar with containerization technologies such as Docker and Kubernetes.”

Director of AI | Crossover

Remote / $200/hr / 5+ yrs experience enhancing Gen AI products

“You will get to apply your AI expertise across a broad range of enterprise software products and make a difference in the rapidly evolving tech landscape. You will work directly with the CEO to shape our GenAI-first strategy, defining use cases, developing product roadmaps, analyzing customer needs, and prioritizing enhancements.”

AI HARDWARE

🤝 Altman explores semiconductor collaborations

• Sam Altman has flown out to Seoul to meet with the world's top two memory chip producers—Samsung and SK Hynix Inc.—to discuss a potential collaboration.

• This follows Altman’s discussions with investors last week to raise billions to establish a network of factories for manufacturing semiconductors.

• Successful discussions with these semiconductor industry leaders could address global AI chip supply/demand issues and reduce OpenAI’s reliance on NVIDIA.

PRIVACY

🔏 Google’s Bard will read private messages

• Google announced it was bringing its ChatGPT equivalent (Bard) to Messages to help users communicate better, but it’s since been revealed that Bard will also read private messages.

• Bard will analyze the content within private messages (current and historic) to establish relationship dynamics and tailor responses accordingly.

• Private messages will also be sent to the Cloud for processing and training, and stored there for 18 months which is raising concerns over leaks, misuse, and data-sharing practices.

ELECTRIC VEHICLES

🍟 Musk to invest $1B in AMD & NVIDIA chips

• Musk has announced that Tesla will invest over $1B in NVIDIA and AMD hardware by the end of 2024, after already pledging to spend $500M on NVIDIA this year.

• This investment will power Project Dojo—Tesla’s custom-built supercomputer—to help process the large amounts of data needed to sustain fully autonomous vehicles.

• In addition, this investment will help Tesla remain a leading force in AI, with Musk stating that “the table stakes for being competitive in AI are at least several billion per year.”

✅📈 Feature your product/service in AI Tool Report…

Over the past year, AI Tool Report has worked with Hubspot, Brave Browser, SurfShark, Guidde, Graft & many more—presenting their AI products/services to over 490,000 AI enthusiasts, boasting:

• A consistent 52% open rate

• Best-in-class ad performance

• A growing ecosystem of AI products/services

Reach AI Enthusiasts Today—Book An Ad Slot With AI Tool Report

🚀 ChatGPT-5 updates

🍴 Fully autonomous AI restaurant opens 

🏭 Samsung to build fully autonomous chip factories 

We read your emails, comments, and poll replies daily.

Hit reply and let us know what you want more of!

Until next time, Martin & Liam.