Elon Musk's xAI Seeks $1 Billion in Equity Investments Amid Controversies

Despite facing criticism and controversies, Musk's AI venture has already secured nearly $135 million and launched an AI chatbot named Grok.

Elon Musk's AI company, xAI, is seeking to raise $1 billion in equity investments, with a minimum investment of $2 million per investor.
xAI has already raised nearly $135 million and has agreements in place for the remaining $865 million.
The company has launched an AI chatbot named Grok, which is available to X Premium+ subscribers for $16 a month.
Musk's venture into AI comes amid controversies surrounding his social media platform, X, which has seen a mass advertiser exodus due to allegations of antisemitism.
xAI's mission is 'to advance our collective understanding of the universe', but critics question the company's capabilities and ethical considerations.