Elon Musk is looking to raise 1/44 of a Twitter for his AI firm, xAI. In different phrases, the person behind Tesla, SpaceX and X is searching for $1 billion in funding for his subsequent enterprise.
According to an SEC submitting, Musk has raised about $135 million so removed from 4 unnamed traders, with the primary sale occurring on November 29. That means he nonetheless has about $865 million to go to meet his $1 billion objective.
So far, 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 have interaction with. The product has solely been in improvement for two 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. But for this function to set Grok aside from the competitors, it’ll have to be good sufficient to distinguish between actual information on X and misinformation.
Musk was a co-founder of OpenAI, however stepped down from the board in 2018; recently, Musk has been important of OpenAI, particularly because it fired, then re-hired, CEO Sam Altman in November, sparking mass confusion and concern inside the AI business.
It’s no small feat to raise one other $865 million, however as probably the most highly effective individuals in tech, Musk is absolutely up for the problem… as long as potential traders haven’t been scared off by his (mis)administration of X.
https://techcrunch.com/2023/12/05/elon-musk-raise-1-billion-xai/
