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Elon Musk's AI startup, X.AI, has filed with the SEC to raise up to $1 billion in an equity offering. The company has already raised at least nearly $135 million from four investors, and the filing suggests that the company may have raised the full amount it's seeking ("[t]he issuer has entered into a binding and enforceable agreement for the purchase and sale of the Total Remaining to be Sold listed above"). Musk, who also runs Tesla, SpaceX, Boring Company, and Neuralink, said last month that investors in X (formerly Twitter) would own 25% of X.AI. Last month, X.AI launched a chatbot called Grok, which is designed to compete with other AI systems like Google's Bard technology and Anthropic's Claude chatbot.

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Meta's head of AI research, Yann LeCun, says he expects Artificial General Intelligence (AGI) "clearly not in the next 5 years." The industry's focus on language alone is not enough, LeCun argued, in line with previous statements. LeCun has his own architectural approach to AI, which focuses on improving AI systems' understanding of the world. Before human-like intelligence, there would first be dog-like or cat-like intelligence, LeCun said.

Text is a very poor source of information. Train a system on the equivalent of 20,000 years of reading material, and they still don’t understand that if A is the same as B, then B is the same as A.

Yann LeCun

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