Barney & Co. host Stuart Barney responded to a Wall Street Journal report detailing the Tesla CEO's drug habit.
Billionaire Elon Musk denied his remarks. Artificial intelligence (AI) xAI has secured commitments to reach half of its $1 billion investment goal.
“This is not accurate at all.” Mr Musk wrote It was posted on X (formerly Twitter) in response to a user's post on the platform citing a report by Bloomberg News.
Bloomberg reported that xAI was in talks for a valuation of $15 billion to $20 billion, according to people familiar with the matter, but those terms could change in the coming weeks.
According to the report, Musk and investors plan to finalize investment terms in the coming weeks, with some parties willing to receive computing power in addition to, and possibly in exchange for, xAI stock. He says he is considering whether to do so.
Elon Musk's chatbot modeled after cult sci-fi series has one big difference:
Billionaire Elon Musk has denied reports that his AI startup xAI is halfway to its $1 billion funding goal. (Hakan Nural/Anadolu Agency via / Getty Images)
In December, xAI filed a document. Securities and Exchange Commission (SEC) It indicates the company aims to raise $1 billion through an initial public offering, with more than $134 million already sold.
The document showed that xAi “has entered into a binding and legally enforceable agreement for the purchase and sale” of the remaining sale amount of approximately $865 million.
Musk also responded to a post about funding suggesting that xAI wants to compete with OpenAI and Anthropic, writing, “We are not currently raising funds,” refuting that report. .
Elon Musk's AI startup XAI expects to raise $1 billion, filings reveal.
xAI was founded by Musk in July and announced the Grok chatbot in November. (Jaap Arrians/NurPhoto via / Getty Images)
In July, Mr. Musk big tech It criticized the companies for excessive censorship and insufficient security measures. Musk co-founded ChatGPT developer OpenAI in 2015 and resigned from the company's board in 2018. At the time, Musk said he wanted to create the ultimate truth-seeking AI that would try to understand the nature of the universe.
xAI is X Social Media Platformhowever, the two companies work closely together, and xAI also works with Tesla.
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xAI's Grok chatbot is available to X Premium+ subscribers. (Photo illustration by Costfoto/NurPhoto via / Getty Images)
xAI announced in November that it had launched a preview version of its rival chatbot, Grok. OpenAI's ChatGPT And Google Bard. The company says that Grok is “modeled after The Hitchhiker's Guide to the Galaxy, meaning it's meant to answer almost everything, and even harder, suggest what questions to ask.” You can even do it! Grok is designed to answer questions with a bit of wit and a rebellious personality.” So, if you don't like humor, please don't use it. ”
The company made the Grok chatbot available to X Premium+ subscribers in the US in December. It has since made its AI tools available to subscribers in more than a dozen countries, including Australia, Canada and India.
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larry ellisonThe Oracle co-founder and close friend of Musk said in September that xAI had signed a deal to train its AI models on Oracle's cloud.
FOX Business' Breck Dumas and Reuters contributed to this report.
