Based in April, xAI is Musk’s try at leaping on the AI hype practice. The corporate’s goal is to “understand the true nature of the universe,” in accordance with its web site, one thing the launch of its Grok AI chatbot is seemingly imagined to additional.
Grok pulls real-time info from X (previously Twitter) to energy a few of its responses, nevertheless it’s at the moment solely out there in early entry to X’s Premium Plus subscribers. Regardless of the shut ties between Grok and X, xAI is separate from X Corp., X’s dad or mum firm.
The SEC submitting notes xAI will solely settle for a minimal of $2 million from exterior traders. The submitting additionally says, “The issuer has entered into a binding and enforceable agreement for the purchase and sale of the Total Remaining to be Sold listed above,” which certain appears like the remainder of the billion is already a carried out deal, as Axios has famous.