Musk's AI startup seeks to raise $1B

By Agence France-Presse

Dec 07, 2023 12:14 am

SAN FRANCISCO, California: Elon Musk is seeking to raise a billion dollars for his xAI artificial intelligence (AI) company that he hopes will compete with ChatGPT's Open AI.

An official filing to the US Securities and Exchange Commission on Tuesday said the company that Musk created earlier this year had already gathered $134.7 million and plans to raise $1 billion overall.

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