On Tuesday local time, a letter disclosure document appeared on the official website of the United States Securities and Exchange Commission.Details of the financing scale of xAI under Musk were disclosed for the first time. As a former co-founder of OpenAI and now an active critic, Musk also registered xAI company when he renamed Twitter to Company X in April this year. Although Musk is the world's richest man, the funding situation of this AI company has always been a mystery.


(Source: SEC)

In a post on November 19, Musk mentioned that investors in Company X will own 25% of xAI equity.

This Tuesday’s regulatory filing revealed a little more about xAI’s financing status. Regulatory documents show,xAI is in the process of raising a financing of up to US$1 billion, of which US$134 million has been completed.


It is worth mentioning that there is also a line of remarks in the document that reads “As for the portion to be sold,The issuer has entered into a binding and enforceable agreement." This means that xAI may have completed its US$1 billion financing goal.

xAI has entered the commercialization track

Backed by the X platform with over 200 million daily active users, although xAI’s R&D team just debuted in July this year, their first AI product: the Grok chatbot that benchmarks ChatGPT, is already on the verge of commercialization.

According to previous reports from the Financial Associated Press, the xAI team releasedGrok robot and Grok-1 large language model.


It is reported that after Musk's AI team was established in July, it first spent a month to develop the Grok-0 large language model, and then spent another two months iterating to Grok-1. Through multiple large language model tests, Grok-1 has been able to stably outperform the Meta open source large model LLaMa2 in multiple tests, and there is still a relatively obvious gap between it and GPT-4.


It is reported that although Grok is not as good as ChatGPT in many capabilities, this robot also has its own unique advantages:You can obtain real-time knowledge of the world by accessing massive data on the X platform.

Grok Robots is currently only available as an add-on for X Platform Premium+ membership, which costs $16 per month (or $168 for a year). Musk also said last weekend that within the next week, the use of Grok robots will be opened to Premium+ members in order of subscription. Musk also mentioned last month that Grok will also develop a separate app in the future.