Elon Musk is planning to raise $1 billion for his AI project, xAI, through a stock offering.

The AI project, Grok, aims to understand the universe and includes a chatbot trained on real-time internet data.

Musk's investment in AI is influenced by his concerns about the potential dangers of the technology.

Musk's social media platform X faces challenges as advertisers leave due to antisemitic content.

Musk's companies, xAI and X.AI Corp, are securing funding to expand into artificial intelligence and finance.

xAI has already raised $134.7 million and competes with rivals like OpenAI and Google.

Musk's social media company, X, has obtained 12 money transmitter licenses in the US and aims to become a powerful financial platform.

Musk has confirmed that none of his companies will launch a cryptocurrency token.