xAI, the artificial intelligence company founded by Elon Musk, is reportedly gearing up to launch a standalone consumer app, according to a report by The Wall Street Journal. The upcoming app is said to be similar to OpenAI's ChatGPT app, allowing users to access xAI's Grok chatbot from their personal devices.

The app's release is expected to follow xAI's next funding round, which could reach a staggering $5 billion and value the company at $50 billion, as reported by the Financial Times. This would mark a significant increase in valuation, more than doubling its worth in just six months.

Elon Musk has reportedly given investors who backed his $44 billion Twitter acquisition 25% of the shares in xAI as a token of appreciation for their loyalty. This move could benefit prominent investors such as Fidelity, Oracle co-founder Larry Ellison, and Twitter founder Jack Dorsey, who may be able to recoup their investments through shares in xAI.

Once xAI's funding round closes, the company will have raised a total of approximately $11 billion. This influx of capital will likely fuel the development and expansion of xAI's AI capabilities, including its Grok chatbot.

The launch of xAI's consumer app marks a significant milestone in the company's growth and could have far-reaching implications for the AI industry as a whole. As AI technology becomes increasingly integrated into everyday life, companies like xAI are poised to play a major role in shaping the future of artificial intelligence.

The success of xAI's funding round and the impending launch of its consumer app are testaments to the growing interest and investment in AI technology. As the industry continues to evolve, it will be important to monitor the developments and advancements made by companies like xAI, which are pushing the boundaries of what is possible with AI.

In conclusion, xAI's upcoming consumer app and soaring valuation are significant developments in the AI industry. As the company continues to grow and expand its capabilities, it will be important to keep a close eye on its progress and the broader implications for the future of artificial intelligence.