FMP
May 29, 2024 12:11 PM - Davit Kirakosyan
Nvidia (NASDAQ:NVDA) saw its shares rise nearly 7% yesterday, influenced in part by the news that Elon Musk’s AI startup, xAI, has obtained $6 billion in funding to rival OpenAI. The Series B funding round, disclosed in a blog post on May 26, marks a major investment in AI, coming less than a year after xAI was founded.
Elon Musk, a significant advocate of AI who originally supported OpenAI before its ChatGPT release in late 2022, later withdrew his support due to concerns about the potential dangers of the technology. Last year, he joined other industry figures in calling for a temporary halt in AI development.
In November, Musk introduced Grok, an alternative to OpenAI’s ChatGPT, which has been integrated into X.com, the social network previously known as Twitter. Grok is the leading product of xAI, which is managed by executives with backgrounds from Alphabet’s DeepMind, Microsoft, and Tesla.
The newly acquired funds will be utilized to launch xAI’s initial products, develop sophisticated infrastructure, and speed up future technological advancements, according to the blog post.
Additionally, The Information reported last week that xAI intends to build a large supercomputer to support the next version of Grok, with Musk aiming for it to be operational by fall 2025.
Oct 31, 2023 8:03 AM - Parth Sanghvi
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...