New(ish) AI on the block? Elon Musk's xAI bids for investors support
News is circulating that Elon Musk is messaging investors for a chance to invest in his startup xAI, which he is building out of X (Twitter).
Based on reports from Bloomberg and Business Insider, the messages are said to have given investors the opportunity the invest through special purpose vehicles, which means they invest via a single entity.
Currently, xAI is seeking investments at a $15 billion pre-money valuation, with a goal of outside investing of $3 billion.
However, the startup's only product so far is a chatbot (named Grok) that sounds like Musk as it was trained using his tweets, and other Twitter data.
What do you think, if you had the money - would you invest in xAI?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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