Beware of Scammers Exploiting Elon Musk’s AI Bot, Grok: Essential Crypto Alert for Investors (GROK)

  • Elon Musk’s xAI startup, Grok AI, has been issued a warning by a member of the Dogecoin and X teams, cautioning users about the manipulation of screenshots to spread misinformation.
  • Furthermore, Musk’s xAI is reportedly about to close a funding round at a valuation of approximately $18 billion, with a target to raise $6 billion.
  • Sequoia Capital is among the participants of this investment round, with the valuation and timing subject to change.

Elon Musk’s xAI startup, Grok AI, faces a warning about misinformation while preparing to close a significant funding round. Learn more about the developments here.

Crucial Grok AI warning to community

A member of the Dogecoin and X teams, known as “DogeDesigner”, has issued a warning to the X community about the usage of the Grok AI chatbot developed by Elon Musk’s xAI startup. The warning emphasizes the manipulation of screenshots from chats with Grok to spread misinformation. To maintain authenticity, DogeDesigner recommends users to directly post their conversations from Grok rather than sharing screenshots.

Grok AI’s availability and competition

Grok AI is available for users of the paid Premium subscription on the X social media platform, formerly known as Twitter. Launched in November last year by xAI, the chatbot was created as a competitor to OpenAI and its main product, ChatGPT. Musk has previously criticized ChatGPT, considering it to be ‘woke’.

XAI to raise billions in investments

Elon Musk’s xAI is reportedly about to close a funding round at a valuation of approximately $18 billion. The company aims to raise $6 billion, according to a recent report by Bloomberg. Among the participants of this investment round is Sequoia Capital, a leading venture capital firm. However, the valuation of the company and the timing of the funding round might still change, according to sources close to the matter.

Key selling points for xAI’s funding round

The key selling points used by xAI while raising this investment include Elon Musk’s track record as the CEO of Tesla and SpaceX and the opportunity to train the Grok chatbot on masses of data extracted from the X platform.

Conclusion

The recent developments surrounding Elon Musk’s xAI startup, Grok AI, highlight the challenges and opportunities in the AI sector. As the company prepares to close a significant funding round, it must also address issues of misinformation within its user community. The outcome of these developments will undoubtedly impact the future of AI and its role in social media.

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Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
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