Elon Musk-owned Artificial intelligence startup initiative, xAI has been in talks to bag upto $6 billion in funding from the investors. The strategic move towards raising funds for this inventive AI startup fosters to compete with the buzzing OpenAI.

With a focus on family offices in Hong Kong, the efforts for fundraising have approached wealthy individuals and investors.

In addition, along with investors in Japan and South Korea, the sovereign wealth funds in the Middle East are being targeted. The extensive and significant funding capital for AI startup takes endeavors to hold up the aspirations of Elon Musk in the sphere of Artificial intelligence.

Morgan Stanley, an American multinational investment bank and financial services company is supposed to be matching up the fundraising movements.

In the beginning of this month, Elon musk disproved a Bloomberg report which stated that the startup xAI had raised $500 million to $1 billion by calling it as “Fake news”.

Grok, a new & innovative AI chatbot developed by Elon Musk’s AI startup replicates the few references of ChatGPT with few added fiters and additional style with the sense of humor and sarcastic intelligence.

With all the endeavors, Musk has placed his AI startup xAI as a commercial benefit business in Nevada and meant to prioritize the advantages to society more than its fiduciary duties to investors & shareholders.