Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Good Fortune trailer
    Videos

    First Trailer for Aziz Ansari’s Good Fortune, Starring Keanu Reeves

    May 29, 2025 2 Min Read
    Last of Us Season 2
    Videos

    ‘The Last of Us’ Season 2 Premieres Date What to Expect From HBO’s Hit Series

    April 13, 2025 2 Min Read
    Disney Snow White box office
    Videos

    Snow White Teaser Drops: Gal Gadot and Rachel Zegler Shine

    February 22, 2025 1 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Elon Musk’s xAI Aims for $1 Billion to Rival OpenAI’s ChatGPT
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Elon Musk xAI Valuation
PhotoNews Pakistan > Tech > Elon Musk’s xAI Aims for $1 Billion to Rival OpenAI’s ChatGPT
Tech

Elon Musk’s xAI Aims for $1 Billion to Rival OpenAI’s ChatGPT

Web Desk
By Web Desk Published December 7, 2023 1 Min Read
Share
Elon Musk featuring xAI Photo: PC Tablet
SHARE

Tesla CEO Elon Musk is making significant strides in the artificial intelligence sector with his venture xAI. The company is set to rival OpenAI’s ChatGPT technology, aiming to raise an impressive $1 billion in funding.

xAI has already secured $134.7 million, as per recent filings with the US Securities and Exchange Commission, demonstrating a strong start towards achieving its billion-dollar fundraising goal. These filings reflect Musk’s dedication to amassing the sum, suggesting possible secured deals to reach this ambitious target.

xAI, Elon Musk’s artificial intelligence startup, is set to raise $1 billion through an equity offering. Musk has been vocal about his plans to build safer AI and had previously said xAI will seek to create a ‘maximally curious’ AI. Read more: https://t.co/gBV0ZNwFBB pic.twitter.com/C1PPcxySMA

— Reuters Business (@ReutersBiz) December 6, 2023

Musk introduced “Grok,” a chatbot developed by xAI and trained on data from X (formerly known as Twitter), a company he acquired for $44 billion last year.

Since the emergence of OpenAI’s ChatGPT, there has been fierce competition in the AI field, involving major players like Microsoft, Google, Meta, and emerging startups. OpenAI itself has secured a remarkable $13 billion in commitments from Microsoft.

Meanwhile, xAI’s fundraising initiative comes amid internal changes at OpenAI, including CEO Sam Altman’s brief dismissal and subsequent return, causing delays in the company’s anticipated share sale. This sale, expected to value OpenAI between $80 and $90 billion, has reportedly been complicated by these internal issues.

TAGGED:ChatGPTElon MuskFeaturedOpenAI
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

Imran Khan bail 2025 PTI protest

PTI’s Barrister Gohar Confident in Imran Khan’s Bail

Kash Patel Epstein files 2025 podcast

FBI Director Kash Patel Sidesteps Musk’s Claim on Trump in Epstein Files

Russia Sukhoi Su-35

Ukraine Shoots Down Russian Su-35 Fighter Jet in Kursk Operation

Nuclear Fusion Wendelstein 7-X nuclear fusion 2025

German Scientists Break Nuclear Fusion Record, Advancing Clean Energy Future

Summer Game Fest 2025

Summer Game Fest 2025 Delivers Major Game Reveals, Xbox Showcase Looms

Post Archives

More Popular from Photonews

Karachi earthquakes 2025
Sindh

Karachi Faces 32 Mild Earthquakes Since June 1, PMD Links to Landhi Fault Line

2 Min Read
China military threat Singapore 2025
Top NewsWorld

U.S. Defence Secretary Warns of China’s Military Threat at Singapore Forum

3 Min Read
Antoine Massey viral video
World

Antoine Massey, $50K Fugitive, Denies Escape in Viral Instagram Video

3 Min Read
Top NewsWorld

Elon Musk Slams Trump’s Spending Bill as “Disgusting Abomination”

Elon Musk publicly criticized U.S. President Donald Trump’s proposed $3 million spending bill, calling it a…

June 3, 2025
Tech

Israel Becomes First Nation to Shoot Down Drones with Laser

On June 1, 2025, Israel marked a historic milestone in modern warfare by becoming the first…

June 1, 2025
Entertainment

Kylie Jenner Faces Backlash After Admitting to Breast Augmentation at 19

Kylie Jenner's announcement on The Kardashians season finale about her breast augmentation at 19 ignited significant…

June 6, 2025
Sindh

Karachi to Experience Mild Tremors for 2-3 Days: PMD Chief

Pakistan Meteorological Department (PMD) Director General Mahr Sahibzad Khan announced that Karachi will experience low-intensity tremors…

June 4, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?