Musk Moves $2B from SpaceX to xAI
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The startup is leaning on Musk’s business empire to play catch-up in the AI race.
Elon Musk ruled out a merger between Tesla and xAI but said he plans to hold a shareholder vote on investment in the artificial intelligence startup by the automaker, in the latest step to deepen integration across his business empire.
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Cryptopolitan on MSNxAI is aiming for $200 billion valuation through a new fundraiseIf it succeeds, it could push its value as high as $200 billion, 10 times its valuation from early last year, according to sources in the know. The fundraising is still being discussed and could start next month,
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Axios on MSNMusk's xAI announces $200 million contract with PentagonElon Musk's xAI announced Monday it secured a $200 million ceiling contract with the U.S. Department of Defense. The big picture: The move is a part of the Pentagon's adoption of advanced artificial intelligence capabilities to address national security challenges.