Musk's New AI Venture Faces Questions Over Purpose and Funding
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xAI, Elon Musk's new AI company, seems to lack a clear purpose beyond having Musk's name attached
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xAI's one product so far is Grok, a supposedly sassy AI chatbot accessible via Twitter Blue, but it's not meaningfully better than competitors
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xAI is seeking up to $6 billion in funding, but Musk has denied fundraising efforts, possibly due to lack of investor appetite
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xAI aims to leverage data from Twitter and Tesla, concerning Twitter investors and distracting Musk from issues at Tesla
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With AI hype fading after ChatGPT and excess generative AI startups, it's unclear why investors would bet on another general AI company led by a recently struggling Musk