Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 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 *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

Emmy Nominations 2025 full list

Emmy Nominations 2025: Full List of Top TV Shows and Stars

Pakistan floods IMF Review

IMF to Review Pakistan’s Budget Agility Following Devastating Floods

Lily Collins

Lily Collins’ Thin Appearance at NYFW Sparks Fan Concern

Post Archives

More Popular from Photonews

Pakistan Stock Exchange KSE-100 drop 2025
Business

Pakistan Stock Exchange Faces Second Day of Losses in 2025

3 Min Read
FBR Transformation Plan
Business

FBR Unveils Ambitious Plan to Hike Pakistan’s Tax-to-GDP Ratio to 18%

2 Min Read
Carlos Alcaraz Dating Brooks Nader
Sports

Carlos Alcaraz Dating Brooks Nader Romance Rumors Confirmed

2 Min Read
Sports

Pakistan to Host First T20I Tri-Series with Afghanistan and Sri Lanka

The Pakistan Cricket Board (PCB) announced its first-ever T20 International tri-series. It will feature Pakistan, Afghanistan,…

September 7, 2025
Business

Pakistan Petrol Prices May Rise by Rs1.54 from September 16, 2025

Industry sources reported that Pakistan might raise fuel prices starting September 16. The Pakistan petrol price…

September 13, 2025
Sports

Pakistan Cleared from WADA Watchlist After Months of Investigation

The World Anti-Doping Agency (WADA) has removed Pakistan from its watchlist after months of intense scrutiny.…

September 13, 2025
Top NewsWorld

Bill Clinton’s Birthday Letter to Jeffrey Epstein Revealed Sparks Controversy

A birthday letter from former US President Bill Clinton to Jeffrey Epstein, written in 2003, has…

September 9, 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?