Elon Musk’s xAI is working to recruit several Wall Street firms, with connections to Musk’s broader business interests, to test and use its Grok chatbot, according to people familiar with the matter. The effort is described as part of a push to increase revenue and commercial traction for xAI’s chatbot offering. Bloomberg reports that the firms are being brought in to evaluate Grok, indicating an early business-development push aimed at expanding beyond individual users and into institutional or enterprise use. The Japan Times similarly describes the initiative as a rapid outreach to Wall Street firms and links it to xAI’s need to strengthen financial performance. Seeking Alpha also reports that xAI signs up Wall Street firms for Grok, though it does not provide additional detail in the excerpt provided. Separately, the reporting ties the timing of xAI’s commercial push to expectations around SpaceX’s planned initial public offering, noting that improving xAI’s revenue is part of the broader business context surrounding Musk’s companies. All accounts characterize the outreach as ongoing and based on discussions with people close to the situation.
xAI seeks Wall Street firms to test Grok chatbot
Elon Musk’s xAI is working to recruit several Wall Street firms, with connections to Musk’s broader business interests, to test and use its Grok chatbot, according to people familiar with the matter....
- xAI is working to get multiple Wall Street firms to use or test its Grok chatbot.
- The outreach is reported to involve firms with ties to Elon Musk’s business network.
- The initiative is aimed at boosting xAI’s revenue and commercial momentum.
- Bloomberg and The Japan Times connect the push to broader financial timing related to SpaceX’s planned IPO.
- The reports describe the information as coming from people familiar with the matter, with details varying by outlet.
The blitz forms part of a push to bolster revenue ahead of parent company SpaceX's initial public offering.
3 months agoElon Musk’s xAI has recruited multiple Wall Street firms with ties to the billionaire’s business empire to test its Grok chatbot, according to people familiar with the matter, part of a push to bolster revenue ahead of parent company SpaceX’s initial public offering.
3 months ago
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