"It depends on how you measure the use for both AI downloads and enterprise adoption. Grok is being demolished by the competition. A look at Apple's App Store shows that OpenAI's ChatGPT is the top app in downloads. Anthropic's Claude is in second. Google's Gemini is in third place. xAI is in 20th place, behind Google Maps"
""Downloads of Grok fell to about 8.3 million in April, from a high of more than 20 million in January, according to analysis firm AppMagic," the paper reported. Add to these signs the fact that Grok's parent, SpaceX, has rented server capacity to Claude. If xAI were a success, that facility would not be available."
"In February, xAI was merged with SpaceX. At the time, SpaceX was valued at $1 tillion. xAI was valued at $250 million. Of that $250 million, the social media company X accounted for about a third, and xAI for about two-thirds. That means the failure of Grok, the xAI product, will dent the valuation of SpaceX by as much as $160 billion."
"However, it's not that simple. In February, xAI was merged with SpaceX. At the time, SpaceX was valued at $1 tillion. xAI was valued at $250 million. Of that $250 million, the social media company X accounted for about a third, and xAI for about two-thirds. That means the failure of Grok, the xAI product, will dent the valuation of SpaceX by as much as $160 billion."
Grok usage is falling while ChatGPT, Claude, and Gemini lead app downloads. Grok downloads dropped to about 8.3 million in April from more than 20 million in January. SpaceX has rented server capacity to Claude, and that arrangement would be less likely if xAI were succeeding. xAI was merged into SpaceX when SpaceX was valued around $1 trillion and xAI around $250 million, with xAI representing about two-thirds of that amount. A Grok failure could therefore dent SpaceX valuation by as much as $160 billion. AI company valuations are extremely high, and Grok may not fit that pattern, adding pressure as SpaceX valuation faces scrutiny.
Read at 24/7 Wall St.
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