Elon Musk’s Twitter backers gain windfall from xAI deal - Investors hit by losses following Musk's takeover reap rewards from shares in AI start-up - Musk has given investors that backed his $44bn Twitter acquisition 25% of shares in xAI
xAI is set to close a new $5bn fundraising round doubling valuation to $50bn in 6 months. Those to benefit include Fidelity, Larry Ellison, Saudi Prince Alwaleed bin Talal, Jack Dorsey, Sequoia Capital, Andreessen Horowitz.
#Musk #Xai
https://www.ft.com/content/5c9ca1f6-b6fe-4c96-84e2-38e3eee90f3b
xAI is set to close a new $5bn fundraising round doubling valuation to $50bn in 6 months. Those to benefit include Fidelity, Larry Ellison, Saudi Prince Alwaleed bin Talal, Jack Dorsey, Sequoia Capital, Andreessen Horowitz.
#Musk #Xai
https://www.ft.com/content/5c9ca1f6-b6fe-4c96-84e2-38e3eee90f3b
Elon Musk’s Twitter backers gain windfall from xAI deal
Investors hit by losses following billionaire’s takeover of social media platform reap rewards from shares in his AI start-upGeorge Hammond (Financial Times)
