Tesla Inc. CEO Elon Musk‘s artificial intelligence startup, xAI, has reportedly secured $500 million in funding commitments from investors. However, the billionaire founder quickly debunked the news on his social media platform X. What Happened: Musk’s AI startup is also seeking a potential valuation in the range of $15 billion to $20 billion, although the terms are yet to be finalized, according to a Bloomberg report on Thursday. xAI, launched by Musk last year as an alternative to Microsoft-backed OpenAI, has developed a chatbot named Grok. The chatbot uses social media posts from X, giving …
