X.AI, Elon Musk’s artificial intelligence (AI) startup, has filed with the SEC to raise up to $1 billion in an equity offering.
The company has already raised nearly $135 million with the first round on 29th November 2023 according to the filing.
The AI startup, which Musk announced in July 2023, seeks to ‘understand the true nature of the universe’, according to X.AI website.