Artificial intelligence company founded by Elon Musk xAI aims to raise $1 billion in equity investments. So far, the company has raised $134.7 million.

Founded in April, xAI is Musk’s attempt to jump on the AI hype train.

xAI, according to the company’s website, is designed to “understand the true nature of the universe” and has already launched its own chatbot, Grok, which is integrated with the X platform, which gives it access to information in real time, and has the ability to respond with humor and sarcasm. However, OpenAI CEO Sam Altman did not appreciate the competitor, recently calling Grok “a boomer with cringe humor.”

Grok has now been launched in early access for owners of X Premium Plus, the most expensive subscription to the social network.

Recall that Elon Musk publicly sent advertisers who left the social network X.