Elon Musk Needs Another USD865 Million To Reach His USD1 Billion Goal For xAI Company
Raising millions of dollars is not as easy as it may seem.
By Tharshini Skovalan — 07 Dec 2023, 11:24 AM
Elon Musk is on a mission to raise USD1 billion for his next project
It's 1/44th of the value of X (formerly known as Twitter).
Currently, Musk has successfully raised approximately USD135 million
According to a United States Securities and Exchange Commission filing, four unnamed investors contributed to the fundraising during the initial sale on 29 November 2023.
Musk now needs an additional US$865 million to reach achieve his USD1 billion goal.
Musk recently confirmed that xAI is working on Grok
Grok aims to distinguish itself from other AI bots by providing answers to user questions in an unconventional manner. The product is currently in its second month of development and will soon be available in beta for X Premium+ subscribers.
There will also be regular feature updates about Grok, including real-time information from X.
