In May this year, the AI company behind Grok raised $6 billion to accelerate the research and development of future technologies. The company said the funds from the Series B funding round will be used to take xAI's first products to market and build advanced infrastructure
The company expressed concern, stating, "If our rivals leverage such technologies to their advantage, it could negatively affect our ability to compete effectively and our operational outcomes."
Despite previously agreeing to testify nearly four months in advance, the owner of X, as stated in the SEC's complaint, did not appear for the required testimony on September 15
