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Elon Musk is ready to develop a firm focused on artificial intelligence, called xAI. Its first offering, called Grok is already integrated on X social media, and also includes the integration of real-time information-based answer support using training data on X (or formerly known as Twitter).
Most recently, it was reported that Elon Musk is in the process of raising funds for xAI at a value of around $40 billion. Discussions related to this are still at an early stage.
This increase in value is seen as quite drastic. xAI just raised its last funding of $6 billion last May, valuing their company at $24 billion. After only five months, it was seen that the company was valued twice.
For now, it is not yet known how much revenue xAI brings. For information, X offers access to Grok's xAI-developed artificial intelligence, when subscribing to the X Premium paid plan.