{"id":86700,"date":"2023-12-06T00:31:25","date_gmt":"2023-12-06T05:31:25","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=86700"},"modified":"2023-12-06T00:16:17","modified_gmt":"2023-12-06T05:16:17","slug":"elon-musks-ai-startup-x-ai-files-to-raise-1-billion-in-fresh-capital","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2023\/elon-musks-ai-startup-x-ai-files-to-raise-1-billion-in-fresh-capital.html","title":{"rendered":"Elon Musk\u2019s AI startup \u2014 X.AI \u2014 files to raise $1 billion in fresh capital"},"content":{"rendered":"\n<p>(CNBC) X.AI, an artificial intelligence startup founded by <a href=\"https:\/\/www.cnbc.com\/elon-musk\/\">Elon Musk<\/a>, has filed with the SEC to raise up to $1 billion in an equity offering. The company has already brought in <a rel=\"noreferrer noopener\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2002695\/000200269523000002\/xslFormDX01\/primary_doc.xml\" target=\"_blank\">nearly $135 million<\/a> from four investors, with the first sale occurring on Nov. 29, and has a \u201cbinding and enforceable agreement\u201d for the purchase of the remaining shares, the filing says.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/12\/05\/elon-musks-ai-startup-xai-files-to-raise-1-billion-.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) X.AI, an artificial intelligence startup founded by Elon Musk, has filed with the SEC to raise up to $1 billion in an equity offering. The company has already brought in nearly $135 million from four investors, with the first [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86700","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=86700"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86700\/revisions"}],"predecessor-version":[{"id":86701,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86700\/revisions\/86701"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=86700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=86700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=86700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}