Elon Musk is looking to raise $1 billion for xAI

Elon Musk is looking to raise $1 billion for xAI

11 months ago
Anonymous $Pi6HN8Q0B-

https://techcrunch.com/2023/12/05/elon-musk-raise-1-billion-xai/

Elon Musk is looking to raise one forty-fourth of a Twitter for his AI company, xAI. In other words, the man behind Tesla, SpaceX and X is seeking $1 billion in funding for his next venture.

According to an SEC filing, Musk has raised about $135 million so far from four unnamed investors, with the first sale occurring on November 29. That means he still has about $865 million to go to meet his $1 billion goal.

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