Elon Musk’s AI company, xAI, is reportedly preparing to release a stand-alone consumer app.
That’s according to The Wall Street Journal, which reports that the upcoming app will be similar to OpenAI’s ChatGPT, allowing users to access xAI’s Grok chatbot from their personal devices.
The app will likely arrive after xAI closes its next funding round, which could reach $5 billion and value the company at $50 billion, per the Financial Times — double its valuation six months ago. Musk is said to have given investors who backed his $44 billion Twitter acquisition 25% (or access to up to 25%) of the shares in xAI to reward their loyalty.
According to the FT, some of Musk’s backers — including Fidelity, Oracle co-founder Larry Ellison, and Twitter founder Jack Dorsey — could be made whole through shares in xAI thanks to the startup’s massive rise in value.
When xAI’s funding round closes, the company will have raised about $11 billion.