Bret Hartman
In recent weeks, the company has communicated with wealthy individuals and family offices based in Hong Kong, among other international investors. One source claims that sovereign wealth funds from the Middle East are part of their circle. Others mention their interactions with South Korean and Japanese investors.
Musk is now just probing investor interest in X.Ai, which has a $20 billion overall valuation. Morgan Stanley is in charge of coordinating the financing round, according to one of the sources.
The newspaper added that the anticipated investment amount reflects the enormous expenses necessary to build generative artificial intelligence (which generates content and is employed, for instance, in chatbot ChatGPT). This type of artificial intelligence requires big computer capacity, massive data sets, and the usage of state-of-the-art chips.
source: ft.com
Musk is now just probing investor interest in X.Ai, which has a $20 billion overall valuation. Morgan Stanley is in charge of coordinating the financing round, according to one of the sources.
The newspaper added that the anticipated investment amount reflects the enormous expenses necessary to build generative artificial intelligence (which generates content and is employed, for instance, in chatbot ChatGPT). This type of artificial intelligence requires big computer capacity, massive data sets, and the usage of state-of-the-art chips.
source: ft.com
