X Factor: Can Elon Musk take on the AI superstars?

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  This episode of Editor's Picks is supported by IDA Ireland.

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  With the highest share of STEM graduates per capita in the EU,

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  IDA Ireland can help source the skills you need to internationalise and thrive.

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  Visit idaireland.com to learn more.

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  The Economist Hello, this is Alok Jha,

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  host of Babbage, our weekly podcast on science and technology.

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  Welcome to Editor's Picks.

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  We've chosen an unmissable article from the latest edition of The Economist.

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  Please do have a listen.

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  Every day seems to bring fresh bets on artificial intelligence or AI.

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  In the past few weeks, CoreWeave, an AI cloud computing company,

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  and H, a French AI startup, have raised hefty sums of money.

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  On May 26, it was Elon Musk's turn.

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  The tech billionaire's startup, christened XAI,

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  said it had raised $6 billion at a valuation of $24 billion.

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  The investors include such Silicon Valley stalwarts as Sequoia Capital and Andreessen Horowitz,

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  two venture capital or VC giants,

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  and an investment fund with ties to the Saudi royal family.

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  Their lavish backing puts ex-AI's financial firepower in the big leagues alongside model builders such as OpenAI,

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  the creator of ChatGBT, and Anthropic.

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