Reading Time: 1 min read A Perspectives on Elon Musk as reform lead for US federal bureaucracy The firm, whose flagship product is the Grok chatbot, garnered support from US venture capitalists, chipmakers NVIDIA and AMD, and investment funds from Saudi Arabia and Qatar among others. Musk has repeatedly warned that AI poses a risk to human civilisation, but he is pushing hard for a bigger slice of investment in the sector and xAI already raised $6 billion in May. The company is now one of the world’s most valuable startups with an estimated $50 billion valuation, though still dwarfed by chief competitor OpenAI’s estimated $157 billion. Musk, who also owns SpaceX and Tesla, wrote on his X account that “a lot of compute is needed” to power AI products. He launched the company in July 2023 shortly after he signed an open letter calling for a pause in the development of powerful AI models.