Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Pump.fun token sale page disappears from Gate.io

July 8, 2025
BitFuFu Bitcoin Production Jumps To 445 BTC In June

BitFuFu Bitcoin Production Jumps To 445 BTC In June

July 8, 2025

Bitcoin-focused Metaplanet surpasses Toyota and Sony in stock trading volume

July 8, 2025

Pepeto vs. DOGE vs. SHIB price forecast for Q3 2025

July 8, 2025

Ripple’s (XRP) Price Is About to Rip and Most of You Will Miss it (Analyst)

July 8, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Ripple’s (XRP) Price Is About to Rip and Most of You Will Miss it (Analyst)

    July 8, 2025

    Bitcoin Back In ‘Retesting Phase’ – The Calm Before The Storm?

    July 8, 2025

    Analysts Split on Whether Record Money Supply Will Boost Bitcoin

    July 8, 2025

    Dogecoin Resistance Walls Ahead: Analyst Flags 3 Key Levels

    July 8, 2025

    Another Public Company Treasury Pivots to Ethereum With $172M Raise

    July 8, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Technology » AI » Elon Musk is looking to raise $1 billion for xAI
AI

Elon Musk is looking to raise $1 billion for xAI

Crypto Observer StaffBy Crypto Observer StaffDecember 6, 2023No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Elon Musk is looking to raise 1/44 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.

So far, xAI is working on Grok, which is Musk’s answer to OpenAI’s ChatGPT, Google’s Bard or Anthropic’s Claude. Per its website, Grok will have a “rebellious streak” and will answer “spicy” questions that other AI bots don’t engage with. The product has only been in development for two months, but will supposedly be released in beta soon to X Premium+ subscribers. A more important differentiator for the bot is that it plans to update with real-time knowledge posted on X. But for this feature to set Grok apart from the competition, it will have to be smart enough to distinguish between real news on X and misinformation.

Musk was a co-founder of OpenAI, but stepped down from the board in 2018; lately, Musk has been critical of OpenAI, especially as it fired, then re-hired, CEO Sam Altman in November, sparking mass confusion and concern within the AI industry.

It’s no small feat to raise another $865 million, but as one of the most powerful people in tech, Musk is surely up for the challenge… so long as potential investors haven’t been scared off by his (mis)management of X.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

OpenAI tightens the screws on security to keep away prying eyes

July 8, 2025

Meta reportedly recruits Apple’s head of AI models

July 8, 2025

Cursor apologizes for unclear pricing changes that upset users

July 7, 2025

ChatGPT is testing a mysterious new feature called ‘study together’

July 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Pump.fun token sale page disappears from Gate.io

July 8, 2025
BitFuFu Bitcoin Production Jumps To 445 BTC In June

BitFuFu Bitcoin Production Jumps To 445 BTC In June

July 8, 2025

Bitcoin-focused Metaplanet surpasses Toyota and Sony in stock trading volume

July 8, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Bitcoin Back In ‘Retesting Phase’ – The Calm Before The Storm?

July 8, 2025

Analysts Split on Whether Record Money Supply Will Boost Bitcoin

July 8, 2025

Dogecoin Resistance Walls Ahead: Analyst Flags 3 Key Levels

July 8, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.