Elon Musk is looking to raise $1 billion for xAI

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Elon Musk is seeking to elevate one forty-fourth of a Twitter for his AI firm, xAI. In different phrases, the person behind Tesla, SpaceX and X is looking for $1 billion in funding for his subsequent enterprise.

In response to an SEC filing, Musk has raised about $135 million so removed from 4 unnamed buyers, with the primary sale occurring on November 29. Meaning he nonetheless has about $865 million to go to satisfy his $1 billion objective.

Up to now, xAI is engaged on Grok, which is Musk’s reply to OpenAI’s ChatGPT, Google’s Bard or Anthropic’s Claude. Per its web site, Grok can have a “rebellious streak” and can reply “spicy” questions that different AI bots don’t interact with. The product has solely been in growth for 2 months, however will supposedly be launched in beta quickly to X Premium+ subscribers. A extra vital differentiator for the bot is that it plans to replace with real-time data posted on X. However for this characteristic to set Grok aside from the competitors, it must be good sufficient to differentiate between actual information on X and misinformation.

Musk was a co-founder of OpenAI, however stepped down from the board in 2018; currently, Musk has been essential of OpenAI, particularly because it fired, then re-hired, CEO Sam Altman in November, sparking mass confusion and concern inside the AI trade.

It’s no small feat to boost one other $865 million, however as one of the crucial highly effective individuals in tech, Musk is unquestionably up for the problem… as long as potential buyers haven’t been scared off by his (mis)administration of X.

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