Elon Musk Would Like a Billion Dollars To Fund xAI and Its Chatbot, Grok – The Messenger
Elon Musk may be the richest person in the world, but his artificial intelligence company, xAI, would nonetheless like to raise $1 billion in funding from investors, according to a new Securities and Exchange Commission filing.
xAI is Musk's attempt to directly compete with companies like OpenAI, the powerhouse startup behind ChatGPT that Musk cofounded, and Google, which has just released its next-generation AI, Gemini.
Musk has criticized both companies — particularly OpenAI — for developing the technology too fast in service in rush to monetize it, and Musk was the most prominent signature on an open letter from thousands of Silicon Valley experts made public earlier this year that warned about AI's unchecked advances.
So far, xAI has one chatbot, Grok, which Musk says has a better sense of humor than competing tools like ChatGPT. Laughs aside, Grok has catching up to do, with ChatGPT and Google's Gemini outdistancing it with more advanced features around video and audio.
Grok and xAI's fate is also intimately tied to that of X itself. X's investors will own a quarter of xAI, Musk said, while subscribers to X will get access to Grok.
