Source: The Information
Summary
Elon Musk’s xAI has sold its compute resources to Anthropic for $200 million, according to a report. The deal was announced earlier this year, but the financial terms were not disclosed until now. xAI is a startup focused on artificial intelligence, and Anthropic is a rival AI company. The sale is seen as a significant development in the AI industry.
Our Reading
The announcement sounds ambitious. xAI, Elon Musk’s AI startup, sold its compute resources to Anthropic for a whopping $200 million. Because what’s a few hundred million between AI rivals? The deal highlights the intense competition in the AI space. Musk’s xAI is now one step closer to focusing on its core AI research. Or, you know, just selling off assets to rival companies.
Author: Evan Null
