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Elon Musk's xAI Initiates Private Sale of Unregistered Securities Valued at $1B

Elon Musk’s xAI Initiates Private Sale of Unregistered Securities Valued at $1B

Elon Musk Launches Grok, an AI Chatbot

Elon Musk, the co-founder of OpenAI, has been working on a new chatbot called Grok. This chatbot is designed to be “quirky” and has access to the Twitter API to stay updated with current events.

Grok Is Still in Beta

Currently, access to Grok is limited to internal testers. However, Elon Musk has secured external investments for the chatbot and is seeking more.

Musk recently faced accusations of improper financial behavior and insider trading of Dogecoin, which he dismissed as false. To prevent future legal battles, he filed a form with the SEC.

Looking for Private Buyers with Large Investments

Musk has filed a Form D with the SEC, indicating his intent to raise $1 billion through a private sale of xAI equity. The assets are categorized as “other technology.”

Over $134.6 million worth of equity has already been sold, and further investments must be at least $2 million. This private sale may be the last step before xAI becomes available to the public.

Hot Take: Elon Musk’s Grok Chatbot Could Revolutionize AI Communication

With Elon Musk’s expertise and resources, Grok is expected to be a valuable addition to the world of AI chatbots. Its unique features and access to real-time information make it an exciting prospect for users seeking witty and informative conversations.

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Elon Musk's xAI Initiates Private Sale of Unregistered Securities Valued at $1B