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Posted On: 12/06/2023 5:16:32 AM
Post# of 27260
TECH
Elon Musk’s AI startup — X.AI — files to raise $1 billion in fresh capital
PUBLISHED TUE, DEC 5 20233:38 PM ESTUPDATED 3 HOURS AGO
KEY POINTS
X.AI, Elon Musk’s artificial intelligence startup, has filed with the SEC to raise up to $1 billion in an equity offering.
The company has raised nearly $135 million from four investors, with the first sale occurring on Nov. 29, according to the filing.
The AI startup, which Musk announced in July, seeks to “understand the true nature of the universe,” according to its website.
Elon Musk’s AI startup — X.AI — files to raise $1 billion in fresh capital
PUBLISHED TUE, DEC 5 20233:38 PM ESTUPDATED 3 HOURS AGO
KEY POINTS
X.AI, Elon Musk’s artificial intelligence startup, has filed with the SEC to raise up to $1 billion in an equity offering.
The company has raised nearly $135 million from four investors, with the first sale occurring on Nov. 29, according to the filing.
The AI startup, which Musk announced in July, seeks to “understand the true nature of the universe,” according to its website.
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