Elon Musk is back at it, folks! This time, he's looking to secure a cool $4 billion for his AI startup, xAI. ๐Ÿค–๐Ÿ’ฐ The company's first product? A chatbot named Grok that's supposedly smarter than OpenAI's ChatGPT.

Investors, you're invited to join the funding round via special purpose vehicles (SPVs). But beware, there's a 5% initial fee plus management fees and interest. The goal? A post-deal valuation of $18 billion. No biggie for Musk, right? ๐Ÿš€

Founded in 2023, xAI's mission is to understand the "true nature of the universe". Quite ambitious, but then again, it's Musk we're talking about.

But here's the kicker: xAI is making its AI chatbot open-source, positioning it as a contender against proprietary models. Despite its high ambitions, xAI is still a small fish with only 10 full-time engineers.

So, what do you think? Is Musk's new venture a game-changer or just another AI bubble? Let's discuss in the comments! ๐Ÿ’ฌ๐Ÿ‘‡

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