Elon Musk’s xAI wants to raise $1 billion.

Elon Musk's latest venture, X.Ai, has filed for a massive equity funding round, aiming to raise up to $1 billion. This move underscores Musk's shifting focus towards artificial intelligence, potentially signaling a new direction for his business strategy. This development is particularly notable given the challenges faced by another of Musk's acquisitions, X Corp. (formerly Twitter), which continues to struggle with profitability issues.