https://www.theguardian.com/technology/2023/dec/06/elon-musk-xai-startup-seeks-to-raise-1bn-in-equity

Billionaire wants xAI to keep pace with rivals including OpenAI, Microsoft and Google

Elon Musk’s artificial intelligence startup, xAI, is seeking to raise $1bn (£0.8bn) as the world’s richest man tries to keep pace with rivals including OpenAI, Microsoft and Google in the race to dominate the field.