Elon Musk is looking to raise $1 billion for xAI

Elon Musk is looking to raise 1/44 of a Twitter for his AI company, xAI. In different words, nan man down Tesla, SpaceX and X is seeking $1 cardinal successful backing for his adjacent venture.

According to an SEC filing, Musk has raised astir $135 cardinal truthful acold from 4 unnamed investors, pinch nan first waste occurring connected November 29. That intends he still has astir $865 cardinal to spell to meet his $1 cardinal goal.

So far, xAI is moving connected Grok, which is Musk’s reply to OpenAI’s ChatGPT, Google’s Bard aliases Anthropic’s Claude. Per its website, Grok will person a “rebellious streak” and will reply “spicy” questions that different AI bots don’t prosecute with. The merchandise has only been successful improvement for 2 months, but will supposedly beryllium released successful beta soon to X Premium+ subscribers. A much important differentiator for nan bot is that it plans to update pinch real-time knowledge posted connected X. But for this characteristic to group Grok isolated from nan competition, it will person to beryllium smart capable to separate betwixt existent news connected X and misinformation.

Musk was a co-founder of OpenAI, but stepped down from nan committee successful 2018; lately, Musk has been captious of OpenAI, particularly arsenic it fired, past re-hired, CEO Sam Altman successful November, sparking mass confusion and interest wrong nan AI industry.

It’s nary mini feat to raise different $865 million, but arsenic 1 of nan astir powerful group successful tech, Musk is surely up for nan challenge… truthful agelong arsenic imaginable investors haven’t been frightened disconnected by his (mis)management of X.