Grok Maker xAI Reportedly Secures $500M Of Its $1B Funding Goal: Elon Musk Denies It, Calls It ‘Fake News’

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Tesla Inc. CEO Elon Musk‘s artificial intelligence startup, xAI, has reportedly secured $500 million in funding commitments from investors. However, the billionaire founder quickly debunked the news on his social media platform X. What Happened: Musk’s AI startup is also seeking a potential valuation in the range of $15 billion to $20 billion, although the terms are yet to be finalized, according to a Bloomberg report on Thursday. xAI, launched by Musk last year as an alternative to Microsoft-backed OpenAI, has developed a chatbot named Grok. The chatbot uses social media posts from X, giving …

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