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At present, xAI's main product is a chat robot named Grok, which is aimed at X's paying users.XAI has invested at least part of its funds in the latest "Supercomputer Factory" project in Memphis, which was put into use earlier this year. At that time, local officials called it "the largest multi-billion-dollar investment in Memphis's history", and the expanding footprint of the facility also attracted other major technology companies to the region, including NVIDIA, Dell Technology and Ultramicro Computer.

Many of xAI's current investors, including Sequoia Capital and Andreessen Horowitz Fund, are also investors in Musk's X and other businesses.The company did not list the names of investors, nor did it provide data on valuation. However, according to a report by Bloomberg in October, xAI is seeking new financing, with a pre-investment valuation of 40 billion US dollars.Heavy stocks light index.

Composite current collector: The company's first full-process production line has been installed and debugged in Shucheng Industrial Park, Anhui Province. At present, the second upgraded magnetron coating equipment is being installed and debugged, and the transformation of the second water electroplating production line has been initially completed. The project construction and sample delivery inspection are progressing in an orderly manner. 3A optical film production line is under construction as planned.Recently, Musk expanded the lawsuit against its main competitor, ChatGPT manufacturer OpenAI, saying that OpenAI illegally tried to monopolize the artificial intelligence market and crowd out competitors.Many of xAI's current investors, including Sequoia Capital and Andreessen Horowitz Fund, are also investors in Musk's X and other businesses.