Investors who supported Elon Musk‘s acquisition of Twitter are reportedly seeing significant returns due to the rising valuation of his AI company, xAI. These investors, who received a 25% stake in xAI, are poised for substantial gains. What Happened: xAI, founded by Musk last year, is reportedly nearing the completion of a $5 billion fundraising round. This could potentially double its valuation to $50 billion within six months, offsetting some…

Benzinga

New York

United States

Jack Dorsey, Larry Ellison Among Elon Musk's Twitter Backers Set To Gain Windfall From xAI Deal - NVIDIA (NASDAQ:NVDA), Tesla (NASDAQ:TSLA)

Investors in Elon Musk’s shaky takeover of Twitter have suffered huge losses – but may soon reap the benefits from a massive valuation in the tech founder’s artificial intelligence company as Musk continues to blur the lines between his firms, according to a report.

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New York Post

Murdoch family

Musk investors who got hosed on Twitter takeover set to reap windfall as xAI value surges: report

Elon Musk's xAI reportedly plans to launch a chatbot app next month.AnadoluElon Musk's xAI is reportedly close to unveiling a chatbot app similar to OpenAI's ChatGPT.The app could arrive as soon as December, The Wall Street Journal reported.It would be another sign that Musk and xAI want to challenge OpenAI directly.Elon Musk's xAI is reportedly planning an app that could expand its chatbot's reach to a much wider audience and take on ChatGPT.xA…

Business Insider

xAI is reportedly launching a ChatGPT-like app for consumers, deepening Elon Musk's rivalry with Sam Altman

Elon Musk raises $6 billion to buy 100,000 Nvidia chips for xAI’s Memphis data center

Tech Radar

Future plc

United Kingdom

Elon Musk raises $6 billion for xAI’s Memphis data center; will purchase 100,000 Nvidia chips to boost Tesla’s full self-driving capabilities

The Tesla founder is ringing in the next round of investment in artificial intelligence. But Nvidia has already set the course for the next wave of growth.

Der Tesla-Gründer läutet die nächste Investitionsrunde in der Künstlichen Intelligenz ein. Doch Nvidia hat schon die Weichen über die übernächste Wachstumswelle gestellt.

Elon Musk will Nvidia-Chips für neun Milliarden Dollar bestellen

Frankfurter Allgemeine

Frankfurt

Hesse

Germany

Elon Musk wants to order Nvidia chips worth nine billion dollars

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Techmeme

California

Sources: Elon Musk has given investors, who backed his $44B Twitter acquisition, 25% of the shares in xAI, which is set to close a $5B round at a $50B valuation

Twitter investors stood to lose billions — now Musk's AI company can save TabeTelon Musk's AI company, XAi, is expected Wednesday to complete a $5 billion investment round, equivalent to $37 billion.

Twitter-investorer stod til milliardlussing – nu kan Musks AI-firma redde tabetElon Musks AI-selskab, xAI, ventes onsdag at afslutte en investeringsrunde på 5 mia. dollar, hvilket svarer til 37 mia. k

Twitter-investorer stod til milliardlussing – nu kan Musks AI-firma redde tabet

borsen.dk

Twitter investors faced billions of dollars — now Musk's AI company can save the loss

Tesla (TSLA) CEO Elon Musk’s aggressive pursuit of artificial intelligence chips for his supercomputer has pushed Nvidia (NVDA) to its production limits.Read more...

Quartz

Elon Musk's demands for Nvidia's AI chips strained its supply

Elon Musk's xAI is reportedly close to unveiling a chatbot app similar to OpenAI's ChatGPT.The app could arrive as soon as December, The Wall Street Journal reported.It would be another sign that Musk and xAI want to challenge OpenAI directly.Elon Musk's xAI is reportedly planning an app that could expand its chatbot's reach to a much wider audience and take on ChatGPT.xAI could release the chatbot app as soon as December, The Wall Street Journa…

Jingletree

Artificial intelligence compensates for the losses associated with the takeover of the social network Twitter

Umelá inteligencia kompenzuje straty spojené s prevzatím sociálnej siete Twitter

Jack Dorsey, Larry Ellison Among Elon Musk's Twitter Backers Set To Gain Windfall From xAI Deal - NVIDIA (NASDAQ:NVDA), Tesla (NASDAQ:TSLA)

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