According to BlockBeats, Elon Musk's artificial intelligence startup, X.AI Corp., is expected to secure financing within this week at an estimated valuation of $18 billion. The scale of the financing round has not been finalized yet, as discussions are still ongoing and details such as valuation and timing may still change. A representative from X.AI Corp., formerly known as Twitter, has not immediately responded to requests for comments.
An insider revealed that the competitor of OpenAI is marketing this financing round through a pitch document. The document highlights potential selling points for investors, praises Musk's track record at Tesla and SpaceX, and points out that X.AI will be able to utilize high-quality data from X for training. Gaining access to data is crucial for building large language models, a technology that powers AI chatbots. X.AI's goal is to compete with other well-funded companies like OpenAI.