AUSTIN, Texas–xAI, the artificial intelligence startup led by Elon Musk, wants its Grok chatbot to get better at offering financial strategies, and is looking to hire bankers and private credit lenders to provide lessons to help it do just that, according to a new report.
The plan is to recruit Wall Street bankers, portfolio managers, traders and credit analysts for its data annotation teams that train the chatbot, according to Bloomberg. The report said those professionals are expected to help Grok reason through things like leveraged loan syndication and collateralized loan obligations.
Bloomberg noted that other AI startups, including OpenAI and Anthropic, have already introduced tools for financial analysis. xAI, which recently merged with Musk’s SpaceX, is typically seen as trailing rivals in attracting enterprise clients, the report continued.
Bloomberg added that the news follows Musk’s recent announcement that he plans to rebuild xAI. News
The multibillionaire recently acknowledged that xAI is lagging on the coding front, an area that has helped drive revenues for Anthropic and OpenAI.
