New updates have been reported about xAI (PC:XAIIQ)
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xAI, Elon Musk’s AI venture, has introduced image generation capabilities to its API, marking a significant step in its strategic expansion. The new feature, powered by the ‘grok-2-image-1212’ model, allows users to generate up to 10 images per request, with a limit of five requests per second. Each image is priced at $0.07, positioning xAI competitively in the market alongside other providers like Black Forest Labs and Ideogram. However, the API currently lacks options to adjust image quality, size, or style, and prompts may be revised by an integrated chat model. This development is part of xAI’s broader efforts to establish new revenue streams while advancing the training and development of its flagship models, such as Grok 3.
In addition to enhancing its API, xAI is actively pursuing a $10 billion funding round, potentially elevating its valuation to $75 billion. This financial maneuver underscores the company’s ambitious growth trajectory. Furthermore, xAI has acquired a generative AI video startup, indicating its intent to diversify its technological offerings. The company is also expanding its data center in Memphis, which supports the training and operation of its various AI models. These strategic moves reflect xAI’s commitment to strengthening its market position and exploring new opportunities within the AI sector, signaling potential implications for investors and stakeholders as the company continues to evolve.