Musk’s Track Record, OpenAI Success Are Focus of Potential xAI Investors
- Slide presentation cites success of rival AI startup
- xAI has sought funding at valuation of more than $15 billion
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Potential investors in Elon Musk’s new artificial intelligence startup, xAI, are focusing on two key selling points: access to the billionaire’s constellation of companies — referred to as the “Muskonomy” — and the early success of one of its biggest competitors, OpenAI.
Musk’s track record and OpenAI feature prominently in a slide deck circulating among potential xAI investors in December and January, according to copies reviewed by Bloomberg. The presentation includes a slide showcasing the “key attributes that drove OpenAI’s success,” such as strategic partnerships and access to capital, and a side-by-side comparison showing xAI’s similarities.