Elon Musk’s artificial-intelligence startup X.Ai has filed to raise up to $1 billion in equity, according to a regulatory filing on Tuesday.
Nearly $135 million has already been raised, with more than $865 million remaining, according to the filing. The minimum investment accepted from outside investors is $2 million.
Musk, the chief executive of Tesla Inc.
TSLA,
and a few other privately held ventures, launched X.Ai earlier this year, and the company has its own account on X, formerly known as Twitter.
On X, the company says it’s hiring, looking for engineers and an “AI tutor,” among other positions.
X.Ai last month launched Grok, an AI chatbot “with a rebellious streak.” Grok is “modeled after the Hitchhiker’s Guide to the Galaxy, so intended to answer almost anything and, far harder, even propose what questions to ask,” the company said then.
On its website, the startup says that its mission is “working on building artificial intelligence to accelerate human scientific discovery.” It says that it is a separate entity from X Corp, but that it “will work closely with X (Twitter), Tesla, and other companies to make progress towards our mission.”
