NEW DELHI: Tech billionaire Elon Musk has denied the report claiming that his synthetic intelligence (AI) firm ‘xAI’ secured $500 million in funding towards a $1 billion aim.
A report by Bloomberg, citing sources, acknowledged that xAI was in talks with traders for an extra $500 million in funding.
Nevertheless, Elon Musk dismissed the report, saying, “That is pretend information from Bloomberg”, in response to a person who shared the information article on X.
Within the report, Bloomberg, citing sources, talked about that xAI is contemplating a valuation of $15 billion to $20 billion, though the phrases might change within the coming weeks.
Musk, in one other publish on X, dismissed the report.
“That is merely not correct,” he stated in a reply to a publish.
In keeping with a submitting with the US Securities and Trade Fee (SEC), the Tesla and SpaceX CEO has raised $134.7 million up to now for xAI.
The $135 million got here from 4 unnamed traders, with the primary sale occurring on November 29.
The SEC submitting famous that xAI will solely settle for a minimal of $2 million from outdoors traders.
The xAI ‘Grok’ AI assistant is being offered to the customers as a part of X Premium Plus which prices $16 per thirty days by way of the net.
