Elon Musk’s AI firm xAI has reportedly sent an email to potential investors with the firm aiming to raise $3 to $4 billion.
Tech entrepreneur Elon Musk is seeking to raise up to $4 billion for his artificial intelligence startup xAI — the inventors of the X-linked AI chatbot Grok.
SPV structures allow different venture capital firms and individuals to invest together through a single entity. However, there are upfront fees of up to 5% and management fees and interest to be added on, according to reports.also reveal that Musk is looking to raise $3 billion to $4 billion in a deal that could value the company at $18 billion following the completion of the funding round, and the firm “expects to raise the funds in the next 2-3 weeks on a first-come, first-served basis.
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