Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 

Elon Musk’s AI company, xAI, is making progress on adding multimodal inputs to its Grok chatbot, according to public developer documents, writes Kylie Robison in The Verge. 

Elon Musk has announced the formation of a new company focused on artificial intelligence, writes Catherine Thorbecke. Here is the link: https://www.cnn.com/2023/07/12/tech/elon-musk-ai-company/index.html