Elon Musk's xAI Startup Targets $4 Billion Investment

Elon Musk's AI startup, xAI, seeks to raise up to $4 billion.

Special purpose vehicles (SPVs) are being used to bring investors together, but there are fees.

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Musk aims to value xAI at $18 billion after this funding round.

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xAI's main product, Grok, is claimed to outperform ChatGPT.

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Despite its high valuation, xAI is still small, with few employees and resources.

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xAI faces competition from other AI chatbots like ChatGPT and Microsoft's Copilot.

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