Elon Musk’s xAI considers buying Character.ai- The Information

Investing.com
Updated
Mitrade
coverImg
Source: Shutterstock

Investing.com-- Elon Musk’s xAI start-up is considering buying chatbot maker Character.ai as it seeks more ways to test its flagship artificial intelligence models, The Information reported on Wednesday.


xAI held internal discussions over a potential offer, and may not result in a deal, The Information report said, citing a source that spoke with xAI management over the deal.


Character.ai allows users to develop chatbots that are capable of generating human-like text responses and can hold conversations. The company was founded by former Google (NASDAQ:GOOGL) engineers Noam Shazeer and Daniel De Freitas. 


Musk formed xAI in 2023, joining a slew of major technology companies as they raced to roll out their own AI offerings after the launch of ChatGPT. 


xAI’s flagship model, Grok, is accessible on the social media platform X, formerly known as Twitter, which Musk had bought in 2022. Musk had said X would own about 25% of xAI. 


In July, Musk had asked his X followers whether Tesla Inc (NASDAQ:TSLA) should invest $5 billion in xAI. He had also flagged a potential integration of xAI technology into Tesla’s self-driving features.

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
Nio faces Singapore lawsuit for alleged revenue manipulation as shares plungeNio is being sued by Singapore’s GIC for allegedly inflating over $600 million in revenue through a hidden affiliate.
Author  Cryptopolitan
7 hours ago
Nio is being sued by Singapore’s GIC for allegedly inflating over $600 million in revenue through a hidden affiliate.
placeholder
TSMC Q3 Net Profit Surges 39% to Record High on Booming AI Demand, HPC Contributes Over Half of RevenueTSMC reported its third-quarter financial results, with net profit soaring 39% year-on-year to a record NT$452.3 billion, significantly beating market expectations of NT$405.47 billion.
Author  TradingKey
7 hours ago
TSMC reported its third-quarter financial results, with net profit soaring 39% year-on-year to a record NT$452.3 billion, significantly beating market expectations of NT$405.47 billion.
placeholder
Wall Street’s Q3 Earnings Shine, But Red Flags Flash as Non-Bank Lending GrewStrong third-quarter results from major Wall Street banks have kicked off the 2025 earnings season on a high note, with JPMorgan Chase posting record revenue, and Goldman Sachs and Citi delivering their best Q3 ever.
Author  TradingKey
Yesterday 09: 50
Strong third-quarter results from major Wall Street banks have kicked off the 2025 earnings season on a high note, with JPMorgan Chase posting record revenue, and Goldman Sachs and Citi delivering their best Q3 ever.
placeholder
Metaplanet’s Market Value Slides Below Bitcoin HoldingsMetaplanet’s valuation metric, mNAV, briefly dipped below 1.0, signaling a market discount relative to its Bitcoin assets.
Author  Beincrypto
Yesterday 05: 47
Metaplanet’s valuation metric, mNAV, briefly dipped below 1.0, signaling a market discount relative to its Bitcoin assets.
placeholder
TSMC Q3 Earnings Preview: Record Revenue Is a Lock, but an Upgraded Outlook Could Be the Real CatalystGlobal semiconductor foundry leader Taiwan Semiconductor Manufacturing Company (TSMC, TSM) will report its Q3 2025 earnings on Thursday, October 16, before U.S. markets open.
Author  TradingKey
Oct 14, Tue
Global semiconductor foundry leader Taiwan Semiconductor Manufacturing Company (TSMC, TSM) will report its Q3 2025 earnings on Thursday, October 16, before U.S. markets open.