xAI Recruits 3 Wall Street Firms to Test Grok Ahead of SpaceX IPO
Updated
Updated · Bloomberg · May 14
xAI Recruits 3 Wall Street Firms to Test Grok Ahead of SpaceX IPO
7 articles · Updated · Bloomberg · May 14
Morgan Stanley, Apollo Global Management and Valor Equity Partners have begun testing xAI’s Grok chatbot internally, according to people familiar with the matter.
xAI is pitching Grok to Wall Street groups tied to Elon Musk’s business network as it seeks to lift revenue before parent company SpaceX’s planned initial public offering.
Some banks have signed up for Grok, but financiers are rarely using the chatbot for actual work, suggesting adoption remains limited despite the new trials.
Why are Wall Street's top firms testing Grok if their own financiers find the AI chatbot professionally useless?
Is SpaceX's AI merger a visionary leap for its IPO or a high-risk bailout of the struggling xAI?