Elon Musk’s xAI is embarking on a significant stock sale totaling 300 million USD, placing its valuation at 113 billion USD. This move illustrates the high level of investor interest in artificial intelligence, particularly as xAI merges with the social media platform X.
The rapid growth of xAI is under scrutiny, with analysts predicting that such financial maneuvers may attract regulatory attention. The merger and its bold initiatives in the AI sector are drawing keen observations from industry professionals.
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