He wants 3 billion dollars

Musk looking for investors for AI company xAI

According to a media report, US entrepreneur Elon Musk is in talks with investors for his AI company xAI. They are to help the artificial intelligence start-up with three billion dollars (2.77 billion euros) in a financing round, reported the Wall Street Journal (WSJ).

However, the conditions for the xAI financing have not yet been finalized and the plans could still change, according to the WSJ.

The current financing talks have recently gained momentum, it added. xAI could not immediately be reached for comment. Tesla and SpaceX CEO Musk founded xAI in July last year in response to Big Tech's AI efforts, which he criticized for excessive censorship and inadequate safety measures.