Elon Musk's AI firm xAI raises $135m, targets $1b in total equity funding

Elon Musk's AI firm xAI raises $135m, targets $1b in total equity funding

FILE PHOTO: Elon Musk's photo is seen through a Twitter logo in this illustration taken October 28, 2022. REUTERS/Dado Ruvic/Illustration/

Elon Musk’s artificial intelligence startup xAI has filed with the US securities regulator to raise up to $1 billion in an equity offering, according to a filing on Tuesday.

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