<ul>
<li>Elon Musk's AI company, xAI, has secured $500 million in commitments from investors towards a $1 billion goal.
</li>
<li>The company is discussing a valuation of $15 billion to $20 billion.
</li>
<li>xAI's product, a chatbot named Grok, is developed using social media posts on X, which Musk also owns.
</li>
<li>Those who backed Musk’s $44 billion takeover of Twitter are expected to be the main investors in xAI.
</li>
<li>Musk said in November that equity investors in X will own 25% of xAI.
</li>
<li>Some parties are evaluating whether they can get computing power in addition to or instead of xAI equity shares.
</li>
<li>Musk and investors are expected to finalize terms in the next couple of weeks.
</li>
<li>Musk denied the report, calling it "fake news."
</li>
</ul>

* Elon Musk's AI company, xAI, has secured $500 million in commitments from investors towards a $1 billion goal.
    
* The company is discussing a valuation of $15 billion to $20 billion.
    
* xAI's product, a chatbot named Grok, is developed using social media posts on X, which Musk also owns.
    
* Those who backed Musk’s $44 billion takeover of Twitter are expected to be the main investors in xAI.
    
* Musk said in November that equity investors in X will own 25% of xAI.
    
* Some parties are evaluating whether they can get computing power in addition to or instead of xAI equity shares.
    
* Musk and investors are expected to finalize terms in the next couple of weeks.
    
* Musk denied the report, calling it "fake news."

Musk's xAI Raises $500M Toward $1B Funding Goal, Aiming for $15B to $20B Valuation

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