Elon Musk is reportedly looking to raise up to $6 billion for xAI, his nascent ChatGPT competitor, according to a Financial Times report dropped on Friday morning. A cofounder of OpenAI, Musk left the company in 2018. Though there are conflicting accounts as to why Musk left OpenAI, with explanations ranging from Tesla conflicts to personal power struggles, one thing is certain—when Musk unveiled xAI, he had characteristically grand ambitions. Per Musk, the answer is no one—“I have had no conversations with anyone in this regard,” his X statement reads. Lilly Asia Ventures, Octagon Capital Advisors, OrbiMed, Shanghai Allist Pharmaceuticals, Sofinnova Venture Partners, Hillhouse Investment Management, and Sirona Capital Partners back the company.

Source: Forbes January 29, 2024 12:44 UTC