Elon Musk's xAI Company Aims to Raise $1 Billion in Investments

Elon Musk's xAI company is seeking up to $1 billion in equity investments, as stated in a filing with the Securities and Exchange Commission. xAI, founded by Musk in April, aims to understand the true nature of the universe and has raised $134.7 million so far. The company's Grok AI chatbot, which pulls real-time information from X (formerly Twitter), is currently available in early access to X's Premium Plus subscribers. xAI is separate from X Corp., X's parent company, and the SEC filing suggests that the remaining investment amount has already been secured.