Elon Musk’s AI company, xAI, has found a new dance partner in the form of Kalshi, a prediction market platform. Together, they aim to guide the masses towards smarter bets on the whims of fate and the machinations of the world. 🎲🌐
According to Bloomberg, xAI will deploy its AI wizardry to sift through articles and historical data, offering Kalshi users a glimpse into the grand tapestry of events before they place their wagers. Whether it’s central bank decisions, political races, or global affairs, the AI will whisper its insights, hoping to nudge the odds in your favor. 📚🔮
The AI models from xAI are partly trained on the musings of Musk’s social media platform, X. This means they are not only up-to-date but also tuned to the current zeitgeist and long-term trends. Both companies are pouring their hearts and engineers into this partnership, as if the fate of the world depends on it. 🛠️💪
This collaboration follows a series of bold moves. Musk recently announced that Microsoft’s Azure cloud platform will host xAI’s main AI models, Grok 3 and Grok 3 Mini. Meanwhile, X has partnered with BetMGM to dip its toes into the sports gambling arena. 🏆🎲
Kalshi, too, is on a roll. The platform has seen rapid growth, especially after the 2024 US election, and has inked a deal with Robinhood to integrate prediction markets directly into the app. This means that the average Joe can now bet on sports, politics, and the economy with the click of a button. 📱💸
By the end of 2024, xAI had amassed a staggering $6 billion in funding, giving it a commanding lead over rivals like OpenAI. Investors like BlackRock, Fidelity, and Sequoia Capital, along with chipmakers NVIDIA and AMD, and funds from Saudi Arabia and Qatar, have all thrown their hats into the ring. 🎩💰
Interestingly, both xAI and Kalshi have ties to the Trump orbit. Kalshi’s board includes Donald Trump Jr. as an adviser, and former Trump-nominated CFTC commissioner Brian Quintenz is also on board. Adding to the intrigue, Kalshi’s former top lawyer, Eliezer Mishory, has joined Musk’s government-related team. 🤝DonaldTrump
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2025-05-20 19:50