SME Times is powered by   
Search News
Just in:   • No permanent friends or enemies; only permanent interests: Defence Minister Singh amid Prez Trump's tariff threats  • Atmanirbharta in defence a 'condition for survival and progress': Rajnath Singh  • Govt to improve India's economic indicators by integrating ocean ecosystem accounts  • Indian stock markets dip 2.2 pc amid tariff concerns; Q1 GDP growth to provide buffer  • India, Japan join hands in push for critical minerals 
Last updated: 06 Dec, 2023  

Dollar.Investment.9.Thmb.jpg Musk’s AI company seeks to raise $1 bn in investments

Dollar.9.jpg
   Top Stories
» No permanent friends or enemies; only permanent interests: Defence Minister Singh amid Prez Trump's tariff threats
» Atmanirbharta in defence a 'condition for survival and progress': Rajnath Singh
» Indian stock markets dip 2.2 pc amid tariff concerns; Q1 GDP growth to provide buffer
» Trump’s ‘dead economy’ jibe falls flat as India’s GDP growth surges to 7.8 pc
» India unleashes bold reforms to mitigate impact of global uncertainties, tariffs: FinMin
IANS | 06 Dec, 2023
Elon Musk’s AI company called xAI is seeking to raise up to $1 billion in equity investments.

According to a filing with the US Securities and Exchange Commission (SEC), the Tesla and SpaceX CEO has raised $134.7 million so far for xAI.

The $135 million came from four unnamed investors, with the first sale occurring on November 29.

The SEC filing noted that xAI will only accept a minimum of $2 million from outside investors.

Taking on Sam Altman-run OpenAI’s ChatGPT, Musk said last month that xAI’s AI chatbot Grok has current information in comparison to traditional GPT models.

The xAI ‘Grok’ AI assistant is being provided to the users as part of X Premium Plus which costs $16 per month via web.

“Grok is an AI modeled after the Hitchhiker’s Guide to the Galaxy, so intended to answer almost anything and, far harder, even suggest what questions to ask,” said the xAI team.

Grok is designed to answer questions with a bit of wit and has a rebellious streak.

Musk was a co-founder of OpenAI but left in 2018 over the company’s for-profit shift, and has called ChatGPT “WokeGPT”.

The billionaire launched xAI earlier this year. The team is headed up by Musk and includes team members that have worked at other big names in AI, including OpenAI, Google Research, Microsoft Research, and Google’s DeepMind.

“The goal of xAI is to understand the true nature of the universe,” according to the website.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹84.00
₹82.25
UK Pound
₹104.65
₹108.10
Euro
₹92.50
₹89.35
Japanese Yen ₹56.10 ₹54.40
As on 25 Jul, 2025
  Daily Poll
Who do you think will benefit more from the India - UK FTA in the long run?
 Indian businesses & consumers.
 UK businesses & consumers.
 Both will gain equally.
 The impact will be negligible for both.
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter