Elon Musk’s AI Startup Seeks to Raise $1 Billion

Elon Musk’s artificial-intelligence company, xAI, is looking to raise $1 billion, according to a new SEC filing. 

Musk launched xAI in July, with the company saying its mission is “to advance our collective understanding of the universe.” Musk spent months recruiting researchers and has envisioned the new effort as becoming a rival to OpenAI, whose ChatGPT sparked an AI frenzy in the tech industry.