Elon Musk fuels the AI ​​war. He is seeking $1 billion for xAI.

by MMC
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For his part, Musk launched the Grok AI Chatbot in November under the aegis of xAI.

This happened just four months after the launch of xAI itself. So far, only those who pay for X, formerly known as Twitter – and are accepted into the chatbot’s early access program – have access to Grok.

(Since then, Altman has also endured being kicked out of OpenAI in November to be invited again later in the month.)

While researching the latest stock investment, Musk’s company deposit documents Tuesday evening with the Securities and Exchange Commission. This comes as there is a lot of money floating around AI: OpenAI reportedly sought to sell its shares this could value it at $90 billion.

So far, xAI has raised nearly $135 million in equity financing, leaving more than $865 million to raise, according to the filing.

If you’re interested, be prepared to pay at least $2 million, the SEC filing says. This is the minimum amount that xAI will take into account for investments to be accepted, it says in the filing.

xAI did not immediately respond to Business Insider’s request for comment before publication.

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