Dell (DELL. N) is close to reaching a $5 billion AI server sales agreement with xAI, and Dell (DELL. N) is short-term pulling up, expanding its gain to 5%.
Musk's start-up xAI has raised $5 billion in fresh funding, valuing it at $50 billion. The latest round of funding, first announced on Friday, complements billions of dollars raised in May. Valor Equity Partners, Sequoia Capital and Andreessen Horowitz reportedly participated in the fundraising, as did Qatar's sovereign wealth fund. The investment firms had already invested $6 billion in xAI, allowing it to continue its "steady march," as the company announced back in May. According to xAI, inve...
Musk's price continued to climb, up nearly $5 billion from yesterday. (Golden Ten)
In response to a vote asking whether Tesla should invest $5 billion in xAI, Musk said it looks like the public supports an investment in XAI and will discuss it with Tesla's board.
Artificial intelligence startup Abnormal Security will be valued at $5 billion.
Volkswagen plans to invest $5 billion in Rivian (RIVN. O).
Rivian (RIVN. O) U.S. stocks rose more than 30% after trading, on the news, Volkswagen plans to invest 5 billion dollars in it and form a joint venture on the next generation of trams.