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In late November 2024, xAI’s valuation nearly doubled in six months after closing a $5 billion fundraising round, valuing the startup at around $50 billion. Recently, Musk hinted at a stand-alone xAI app featuring its large language model (LLM) Grok, which is coming soon. The LLM is currently available on X. A dedicated app for Grok would expand its reach beyond X users.
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