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Elon Musk looks to raise $1B for artificial intelligence startup xAI: filing

Por: New York Post Business December 06, 2023

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is raising as much as $1 billion through an equity offering as the company ramps up efforts to catch rivals Google and ChatGPT creator OpenAI, a filing revealed Tuesday. The filing with the Securities and Exchange Commission notes that xAI has already raised $134.7 million against the total offering of $1 billion. The company said it has “entered into a binding and enforceable agreement for the purchase and sale” of the remaining $865.3... + full article



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