Elon Musk speaks onstage in the course of The New York Times Dealbook Summit 2023 at Jazz at Lincoln Heart on November 29, 2023 in New York Town.
Slaven Vlasic | Getty Illustrations or photos
X.AI, an synthetic intelligence startup founded by Elon Musk, has filed with the SEC to raise up to $1 billion in an equity supplying.
The firm has currently introduced in approximately $135 million from four investors, with the very first sale happening on Nov. 29, and has a “binding and enforceable arrangement” for the buy of the remaining shares, the submitting says.
The AI startup, which Musk announced in July, seeks to “fully grasp the legitimate mother nature of the universe,” in accordance to its web site. Very last month, X.AI unveiled a chatbot identified as Grok, which the enterprise suggests is modeled soon after “The Hitchhiker’s Guide to the Galaxy.” The chatbot debuted with two months of coaching and has authentic-time awareness of the world wide web, the corporation statements.
“Grok is intended to solution concerns with a little bit of wit and has a rebellious streak, so please you should not use it if you detest humor!” X.AI wrote on its internet site, introducing, “It will also response spicy questions that are rejected by most other AI programs.”
The company failed to straight away answer to a ask for for comment.
With Grok, X.AI aims to instantly contend with companies which include ChatGPT creator OpenAI, which Musk helped start out just before a conflict with co-founder Sam Altman led him to depart the venture in 2018. It will also be vying with Google’s Bard technological know-how and Anthropic’s Claude chatbot.
Before this 12 months, Musk reportedly secured thousands of substantial-driven graphics processing units (GPUs) from Nvidia, the kind of chips important to build a substantial language product.
X.AI is just one of lots of firms owned or led by Musk. In addition to his management of X, formerly Twitter, which he bought previous calendar year, Musk is CEO of Tesla and SpaceX. He also operates underground tunnel developer Tedious Firm and mind-tech startup Neuralink.
Final month, Musk explained traders in X (previously Twitter) would individual 25% of X.AI.
“We are a individual business from X Corp, but will get the job done intently with X (Twitter), Tesla, and other companies to make development toward our mission,” X.AI says on its website.
People functioning on X.AI contain alumni of DeepMind, OpenAI, Google Research, Microsoft Research, Twitter and Tesla. They’ve labored on projects including DeepMind’s AlphaCode and OpenAI’s GPT-3.5 and GPT-4 chatbots, in accordance to LinkedIn profiles.
Musk integrated X.AI in Nevada in March, in accordance to filings.
On a Tesla earnings phone in July, here’s what Musk advised analysts asking yourself about no matter if X.AI may perhaps contend with any of Tesla’s enterprise:
“There were just some of the world’s very best AI engineers and researchers that have been eager to sign up for a startup but they were being not prepared to join a huge, sort of reasonably set up corporation like Tesla,” he said. “So I was like, Ok effectively, much better it’s a startup that I operate than they go operate somewhere else. Which is sort of the genesis of X.AI.”
— CNBC’s Lora Kolodny contributed to this report
Observe: Elon Musk’s X.AI launches ‘Grok’
