$DOGE
Breaking news!
Musk's big move!
A generous gift of 25% shares of xAI for the wealthy supporters of the Twitter acquisition!
That Musk, who can sway the business world, has made another big news! To thank those investors who stood up when he spent $44 billion to acquire Twitter (now renamed X), he directly offered 25% of xAI's shares to share!
This xAI is a newcomer that was established just last year, aiming to compete for jobs with big players like OpenAI and Anthropic! It is said that it is about to complete a round of $5 billion financing, and its valuation has doubled in just six months, skyrocketing to $50 billion!
After this round of financing, xAI will have about $11 billion in funds, ready to go all out to build AI models and create the world's most powerful supercomputer cluster!
So, those investors who took risks with Musk are really cashing in this time! The money they lost in the Twitter acquisition is nothing compared to the shares of xAI, it's like comparing small potatoes to big potatoes!
Look at these beneficiaries: Fidelity, Oracle founder Larry Ellison, Saudi Prince Alwaleed bin Talal, Twitter founder Jack Dorsey, and Silicon Valley venture capital giants Sequoia Capital and a16z, all of them are grinning from ear to ear!
Musk, truly, is becoming harder and harder to understand, but every time he acts, he manages to surprise everyone!
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