Sources: xAI co-founder Igor Babuschkin plans to raise up to $1B at an up to $5B valuation for a new AI research startup, with General Catalyst possibly leading (Forbes)

Forbes : Sources: xAI co-founder Igor Babuschkin plans to raise up to $1B at an up to $5B valuation for a new AI research startup, with General Catalyst possibly leading —  He's the latest superstar AI researcher to take advantage of the wave of investment dollars going into so-called ‘neolabs,’ which have no product or revenue.

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