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Elon Musk’s new startup xAI seeks to raise $6 billion to challenge OpenAI
The billionaire entrepreneur Elon Musk's "artificial intelligence start-up xAI is in talks to raise up to $6 billion.
With several investors handing sizable checks to startups to profit from what has attracted Silicon Valley’s attention in the past year — the race to create more and better AI has been escalating. For the newest fundraising effort, Musk has also reached out to investors in South Korea and Japan, though his office did not respond to a request for comment. He most recently issued a warning against developing robotics and artificial intelligence (AI) outside of Tesla until he acquires more influence over the company’s decisions.
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