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Join NowElon Musk's AI Startup xAI Seeks $1 Billion in Funding
Published in Latest AI News
Time :Dec 6, 2023
Read :1minute
Translated data:
Elon Musk's xAI is planning to raise $1 billion from equity investors. According to documents filed with the U.S. Securities and Exchange Commission, the company has already raised approximately $135 million. Musk mentioned in a statement last year that xAI's shareholders will hold a 25% stake in the company. Additionally, the company plans to offer access to Grok through a Premium + subscription service to users. xAI will use the funds raised to further develop and promote its products.