Elon Musk’s AI startup seeking $6 billion to ignite innovation.

January 26, 2024

Elon Musk’s AI startup is reportedly seeking to raise $6 billion from investors. The funding would be used to support Musk’s ambitions in the artificial intelligence space. The startup has approached wealthy individuals and investors, with a focus on family offices in Hong Kong, as well as sovereign wealth funds in the Middle East and investors in Japan and South Korea. Morgan Stanley is said to be coordinating the fundraising activities. This development comes after Musk emphasized the importance of increased control over Tesla’s voting rights to advance the company’s capabilities in AI and robotics technology.