Elon Musk’s xAI Seeks $1 Billion Funding in AI Race Against Tech Giants
Competition Intensifies in the AI Field as Musk's Startup Aims to Keep Pace with OpenAI, Microsoft, and Google Elon Musk's artificial intelligence startup, xAI, is in pursuit of raising $1 billion in equity, aiming to rival tech giants like OpenAI, Microsoft, and Google in the fiercely competitive AI landscape. While already securing $135 million from investors, the company targets a total funding of $1 billion, as per filings with the US Securities and Exchange Commission. Despite these intentions, Musk contradicted [...]