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Cathie Wood’s Ark Investment Management has acquired a stake in Elon Musk’s artificial-intelligence startup, xAI. The investment, valued at $60 million, represents approximately 2% of Ark Venture Fund’s holdings. xAI, recently valued at $24 billion, raised $6 billion in a Series B funding round. According to Ark's Chief Futurist, Brett Winton, this move signifies another significant step in the AI space. Related stocks include $TSLA, $MSFT, $AAPL, $GOOGL, $META, and $AMZN.
NEWS: Cathie Wood’s $60 Million Venture Fund Nabs Stake in Elon Musk’s xAI • Cathie Wood’s Ark Invest has purchased a stake in Elon Musk’s artificial-intelligence startup xAI. The stake represents about 2% of the Ark Venture Fund's holdings. • She considers AI the most… https://t.co/rPcULixNLH
Cathie Wood's Ark has acquired stake in Elon Musk's xAI. https://t.co/lu0J1vyJnJ
Now you can invest in Elon Musk's xAI through Cathie Wood's ARK Venture Fund https://t.co/7xH32ulA5g