Elon Musk’s artificial intelligence startup, xAI, is seeking to raise $1bn (£0.8bn) as the world’s richest man tries to keep pace with rivals including OpenAI, Microsoft and Google in the race to dominate the field.
The company has already raised $135m (£107m) from investors and is seeking a total of $1bn in equity financing, according to a filing with the US Securities and Exchange Commission.
