{"id":18983,"date":"2024-11-28T10:36:18","date_gmt":"2024-11-28T08:36:18","guid":{"rendered":"https:\/\/forklog.com\/en\/elon-musks-ai-startup-to-launch-app-following-5-billion-funding\/"},"modified":"2024-11-28T10:36:18","modified_gmt":"2024-11-28T08:36:18","slug":"elon-musks-ai-startup-to-launch-app-following-5-billion-funding","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/elon-musks-ai-startup-to-launch-app-following-5-billion-funding\/","title":{"rendered":"Elon Musk’s AI Startup to Launch App Following $5 Billion Funding"},"content":{"rendered":"

Elon Musk’s AI startup, xAI, is preparing to release a standalone consumer application, according to WSJ<\/a>, citing sources.<\/p>\n

The publication reports that the app will resemble OpenAI’s ChatGPT, allowing users direct access to the AI-based chatbot Grok from personal devices.<\/p>\n

The application is set to launch following the closure of the next funding round, journalists noted. Elon Musk’s company aims to raise $5 billion, valuing the firm at $50 billion, more than doubling its worth.<\/p>\n

According to the Financial Times<\/a>, Musk has offered investors who supported the acquisition of Twitter access to 25% of xAI shares as a token of appreciation.<\/p>\n

Journalists added that some of the entrepreneur’s backers, such as Fidelity, Oracle co-founder Larry Ellison, and Twitter founder Jack Dorsey, will profit from the AI startup’s stock growth.<\/p>\n

Upon closing the new investment round, xAI’s total raised funds will reach $11 billion. Previously, the startup secured<\/a> $6 billion.<\/p>\n

In October, OpenAI raised $6.6 billion, valuing the company at $157 billion. The firm was co-founded by Musk, Sam Altman, and others. In 2018, the billionaire left the company due to disagreements over its direction.<\/p>\n

In August, Elon Musk renewed a lawsuit<\/a> against OpenAI, accusing the startup and its founders, Sam Altman and Greg Brockman, of breaching the founding agreement. He claimed the company prioritized commercial gain over public interest.<\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk’s AI startup, xAI, is preparing to release a standalone consumer application, according to WSJ, citing sources. The publication reports that the app will resemble OpenAI’s ChatGPT, allowing users direct access to the AI-based chatbot Grok from personal devices. The application is set to launch following the closure of the next funding round, journalists […]<\/p>\n","protected":false},"author":1,"featured_media":18982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1217,1493],"class_list":["post-18983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-elon-musk","tag-explainable-ai"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18983"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18982"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}