xAI, Elon Musk’s OpenAI rival, is closing on $6B in funding and X, his social network, is already one of its shareholders

image via TechCrunch

April 26, 2024, 4:41 AM

Elon Musk's 10-month-old competitor to the AI phenom OpenAI, is raising $6 billion on a pre-money valuation of $18 billion. The deal — which would give investors one quarter of the company — is expected to close in the next few weeks unless the terms of the deal change.

Read original article