Elon Musk’s artificial intelligence company xAI is looking to raise up to $1 billion in investment, according to filings with the Securities and Exchange Commission. The company has raised $134.7 million to date.

Founded in April, xAI is Musk’s attempt to jump on the artificial intelligence bandwagon. The company’s goal, according to its website, is to “understand the true nature of the universe.” The company recently launched Grok AI, a chatbot.

Grok pulls real-time information from X (formerly Twitter) to get some answers. Grok AI is currently only available to X Premium Plus subscribers. Despite the close ties between Grok and X, xAI is separate from X’s parent company, X Corp.

Source: The Verge