Elon Musk's X.AI AI Startup Aims to Raise $1 Billion in Equity
TL;DR
Elon Musk's artificial intelligence startup, X.AI, has filed with the SEC to raise up to $1 billion in an equity offering. The company has already secured $135 million from four investors and has a binding agreement for the purchase of the remaining shares. X.AI recently released a chatbot called Grok, which aims to compete with other AI systems like OpenAI's ChatGPT and Google's Bard technology. X.AI is one of the many companies owned or led by Musk, who also heads Tesla, SpaceX, the Boring Company, and Neuralink.
- Elon Musk's AI startup — X.AI — files to raise $1 billion in fresh capital CNBC
- Elon Musk's AI firm xAI files to raise up to $1 bln in equity offering Reuters
- Elon Musk is raising money for his AI company X.ai Axios
- Elon Musk-Backed X.AI Files With SEC to Raise Up to $1B in Equity Offering CoinDesk
- Elon Musk's xAI Startup Seeks to Raise $1 Billion in Equity Yahoo Finance
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