Elon Musk’s new startup xAI seeks to raise $6 billion to challenge OpenAI

With several investors handing sizable checks to startups to profit from what has attracted Silicon Valley’s attention in the past year — the race to create more and better AI has been escalating. Today, the billionaire entrepreneur Elon Musk‘s “artificial intelligence start-up xAI is in talks to raise up to $6 billion.” The start-up is seeking money from wealthy holding funds in the Middle East and has held discussions with family offices in Hong Kong, according to a story opens new tab that cited several people with knowledge of the situation. For the newest fundraising effort, Musk has also reached out to investors in South Korea an......

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