From OpenAI launching ChatGPT Agent to handle complex computer tasks to SpaceX investing $2B in Elon Musk’s xAI , AIStory brings a recap of major developments and emerging trends in the sector this week.

SpaceX has invested $2 billion into xAI as part of a major equity round, deepening ties with Elon Musk's other ventures. The newly combined company's value stands at $113 billion, with investments in AI technology to support Starlink and future Tesla robotics projects.

According to a Wall Street Journal report that cites investors close to SpaceX, the company has agreed to invest $2 billion in Musk’s AI startup xAI. The investment would reportedly be part of the $5 billion equity raise (along with another $5 billion in debt) that Morgan Stanley announced at the end of June.

The company that controls the full stack – from chips to applications to distribution – may ultimately win the AI race.” So states AInvest in its keen observation of the high-stakes arithmetic supporting SpaceX’s record-breaking $2 billion investment in xAI,

We take a deep dive into the advantages and controversies of Grok, and what sets it apart from other generative AI chatbots.

Grok styling itself as a genocidal dictator is the kind of flaw that should make the entire A.I. industry take pause.” What Elon Musk’s rogue chatbot tells us about the dangers of artificial intelligence.

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