Grok, Elon Musk’s Chatbot, Tries to Raise $1 Billion

IBL News | New York

X.AI, the AI start-up launched by Elon Musk in July, filed with the SEC to raise up to $1 billion in an equity offering.

The company, which released a chatbot called Grok, already brought in $135 million from investors.

“Grok is designed to answer questions with a bit of wit and has a rebellious streak, so please don’t use it if you hate humor!” X.AI wrote on its website, adding, “It will also answer spicy questions that are rejected by most other AI systems.”

Grok, X.AI has real-time knowledge of the internet, including access to all of X, giving it a leg up on all other chatbots.

It aims to compete directly with ChatGPT, Bard, and Claude. However, Musk said that Grok has been designed to be anti-woke and lacks the political correctness built into other chatbots.

Grok started rolling out to X Premium Plus users this month at $16 a month, per month.

“We are a separate company from X Corp, but will work closely with X (Twitter), Tesla, and other companies to make progress towards our mission,” X.AI says on its website.

People working on X.AI include alumni of DeepMind, OpenAI, Google Research, Microsoft Research, Twitter, and Tesla.