Elon Musk’s AI company, xAI, is reportedly preparing to release a stand-alone consumer app.

That’s according to The Wall Street Journal, which reports that the upcoming app will be similar to OpenAI’s ChatGPT, allowing users to access xAI’s Grok chatbot from their personal devices.

The app is likely to come when xAI closes its next funding round, which could reach $5 billion and value the company at $50 billion, according to the Financial Times, double its valuation six months ago. Musk reportedly gave investors who backed his $44 billion Twitter acquisition 25% (or access to up to 25%) of the shares in xAI as a reward for their loyalty.

According to FT, some of Musk's investors will be paid back thanks to the massive rise in value by shares in xAI. Those include Fidelity, Oracle co-founder Larry Ellison, and Twitter founder Jack Dorsey.
By the time the funding round for xAI closes, the company would have raised around $11 billion.