According to a media report, American entrepreneur Elon Musk is in talks with investors for his AI company xAI. They must help the artificial intelligence startup with three billion dollars (2.77 billion euros) in a financing round, reports the Wall Street Journal (WSJ).
However, the terms of the xAI financing have not yet been finalized and plans could still change, the WSJ said.
Current financing discussions have recently gained momentum. xAI could not immediately be reached for comment. Tesla and SpaceX boss Musk founded xAI last July in response to Big Tech’s AI efforts, which he criticized for excessive censorship and inadequate security measures.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
