Hey followers! Today, let’s dive into some exciting tech news involving Elon Musk’s AI company, xAI.

Recently, xAI, Musk’s AI startup, is making headlines with plans to raise $300 million by selling new shares, valuing the company at a staggering $113 billion. This move comes after xAI bought Musk’s social media platform, X, for $33 billion, enabling staff to sell their shares to fresh investors.

The tender offer might set the stage for even bigger investments, with xAI seeking extra cash while Musk shifts focus from politics to his many businesses. Musk’s companies have faced some rough patches lately, with Tesla shares dropping to a six-month low, and X experiencing significant outages.

Meanwhile, xAI hasn’t quite kept pace with its deadlines for upgrading its main AI model, Grok, missing several targets despite the hype. The company’s efforts are closely watched by the tech community and investors alike, all eager to see how Musk’s latest AI venture unfolds.

In the broader tech scene, Musk is also involved in various other projects like the upcoming TC Sessions: AI event in Berkeley, designed to test and showcase AI knowledge. There’s a buzz about how these developments might shape the future of AI and tech investments.