Mr. Musk founded xAI last July, and so far, it has released a chatbot, Grok, which can be used on Mr. Musk’s platform, X.
In a statement, the company said the investment would go toward developing new products and research and development.
Mr. Musk said on X that the company’s valuation was $18 billion, before counting the new money.
Mr. Musk has an ambivalent history with A.I.
He was a founder of OpenAI but left in 2018 over philosophical differences.
Persons:
Musk
Organizations:
OpenAI