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International Business Times UK
International Business Times UK
Technology
Jastine Beatrice Yap

Elon Musk's AI Startup Aims to Secure $1 Billion in Equity Funding

Elon Musk XAI Artificial Intelligence Microsoft OpenAI SpaceX Tesla Inc.
Elon Musk says he will integrate his AI startup xAI into his social media platform, X. (Credit: Wikimedia Commons)

In a bold move indicative of the growing influence of artificial intelligence in the tech landscape, Elon Musk's startup, xAI is on a mission to raise a substantial $1 billion (£0.8 billion) in equity funding to keep up with rivals including OpenAI, Microsoft and Google

The visionary entrepreneur, known for his ventures such as Tesla and SpaceX, is now setting his sights on advancing the capabilities of artificial intelligence through this ambitious fundraising endeavour.

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