The new version of Grok, an AI model, is nearly ready for release. This updated version, potentially named Grok3, boasts a 128,000 token context length, function calling capabilities, and system prompts. Additionally, users will receive $25 of free API credits each month until the end of the year, as part of Elon’s Christmas gift. The model will also feature multi-modal capabilities, with a text-only version expected to be available soon. Vision capabilities are anticipated next week. The free API credits are part of a promotional offer to encourage users to build applications using Grok.