1 year ago
Elon Musk’s societal media company, X, has obtained 12 wealth transmitter licenses crossed the United States. Furthermore, his artificial quality (AI) company, X.AI, stated successful a filing with the U.S. Securities and Exchange Commission (SEC) its volition to rise $1 cardinal successful an equity offering.
X Obtains 12 Money Transmitter Licenses
Elon Musk’s societal media level X, formerly Twitter, has reportedly obtained transmitter licenses successful 12 U.S. states: Arizona, Georgia, Iowa, Kansas, Maryland, Michigan, Mississippi, Missouri, New Hampshire, Rhode Island, South Dakota, and Wyoming.
In October, Musk unveiled his program to crook X into a powerful fiscal platform. The Tesla brag stated successful November past twelvemonth that X could connection “an highly compelling wealth marketplace account,” debit cards, checks, and indebtedness services. He precocious detailed: “When I accidental payments, I really mean someone’s full fiscal beingness … If it involves money. It’ll beryllium connected our platform. Money oregon securities oregon whatever. So, it’s not conscionable similar nonstop $20 to my friend. I’m talking about, like, you won’t request a slope account.”
The billionaire antecedently said that helium plans for X to beryllium “the everything app,” emphasizing that his acquisition of societal media level Twitter is an accelerant to the instauration of X. Moreover, helium has confirmed that nary of his companies volition launch a crypto token.
X.AI Seeks to Raise $1 Billion, SEC Filing Shows
Musk’s AI company, X.AI Corp., filed Form D, a Notice of Exempt Offering of Securities, with the SEC connected Tuesday.
According to the filing, X.AI plans to rise $1 cardinal done an equity offering. The institution has already secured astir $135 cardinal from 4 investors, with the archetypal tranche of shares sold connected Nov. 29. Additionally, the filing states that X.AI has a binding statement for the acquisition of the remaining shares.
The Tesla main registered X.AI Corp. successful March. The pursuing month, Musk announced a plan to make an AI level called “Truthgpt” that would rival Chatgpt and different akin products. The AI startup, whose website states its ngo arsenic “understanding the existent quality of the universe,” released a chatbot called Grok past month, inspired by “The Hitchhiker’s Guide to the Galaxy.”
What bash you deliberation astir X obtaining wealth transmitter licenses crossed the U.S. and X.AI seeking to rise $1 cardinal successful an equity offering? Let america cognize successful the comments conception below.
English (US) 