All updates

All updates

icon
Filter
Funding
Elon Musk’s xAI files to raise USD 1 billion in equity funding
Generative AI Applications
Dec 5, 2023
This week:
M&A
Coralogix acquires AI observability platform Aporia for USD 50 million
Generative AI Infrastructure
Dec 23, 2024
Product updates
Pimax announces compact Dream Air VR headset for USD 1,900
Extended Reality
Dec 23, 2024
Funding
HuLoop raises Series A funding from Mighty Capital
Workflow Automation Platforms
Dec 23, 2024
M&A
Fiserv to acquire Payfare for undisclosed sum to enhance embedded finance solutions
Financial Wellness Tools
Dec 23, 2024
M&A
Fiserv to acquire Payfare for undisclosed sum to enhance embedded finance solutions
FinTech Infrastructure
Dec 23, 2024
Funding
Meight raises EUR 3.4 million in funding led by Cusp Capital
Smart Mobility Information
Dec 23, 2024
Regulation/policy
Desktop Metal sues Nano Dimension over merger compliance
Additive Manufacturing
Dec 23, 2024
Management news
Nexa3D scales back operations amid financial crisis
Additive Manufacturing
Dec 23, 2024
Funding
Fraction AI raises USD 6 million in pre-seed funding to scale hybrid data labeling
Machine Learning Infrastructure
Dec 23, 2024
Last week:
Partnerships
Rocket Lab launches sixth Synspective radar satellite as part of ongoing partnership
Space Travel and Exploration Tech
Dec 21, 2024
Generative AI Applications

Generative AI Applications

Dec 5, 2023

Elon Musk’s xAI files to raise USD 1 billion in equity funding

Funding

  • xAI, a GenAI chatbot startup founded by Elon Musk, has filed to raise up to USD 1 billion in an equity offering, as per SEC filings. The company has raised USD 135 million already from four undisclosed investors.

  • The specific purpose of the raise was not disclosed.

  • Analyst QuickTake: xAI is emerging as a competitor in the AI space, seeking to rival firms like OpenAI, Google's Bard, and Anthropic's Claude chatbot. The company, comprising talent from DeepMind, OpenAI, Google Research, Microsoft Research, Twitter, and Tesla, pivots toward advancing AI science. The company launched Grok, an AI assistant that allows users to obtain answers to questions based on information available online, earlier last month. 

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.