Musk Denies $500M Funding for AI Startup xAI, Despite Contradictory Reports and Previous Fundraising
-
Elon Musk dismissed $500M funding reports for his AI startup xAI as "fake news"
-
Contradictory reports emerged, with Bloomberg reporting funding talks valued at up to $750M
-
Musk previously denied December reports of xAI raising $1B, despite SEC filings showing $135M raised
-
Musk launched xAI in 2023 to compete with Big Tech companies in AI
-
xAI's first product is natural language model Grok, trained on data from X (formerly Twitter)