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Fidelity marks up value of its stake in Elon Musk's X
Fidelity Ups Valuation of Elon Musk’s X and xAI Stakes
Fidelity has raised the estimated value of its stake in Elon Musk’s X (formerly Twitter) by 32.37% in October, according to an Axios report. Despite the boost, the social media platform is still valued at nearly 72% less than the $44 billion Musk paid to acquire it in 2022.
Fidelity reportedly marked up its X stake by 32 percent
Fidelity marked up the value of its holdings in Elon Musk’s X (formerly Twitter) by 32.37% in October, according to a report in Axios. Even with this
Fidelity boosts valuations of its stakes in Elon Musk’s X and xAI startup, report says
October saw a 32.37% jump in X's valuation, marking the biggest monthly increase since Fidelity helped Musk buy Twitter for $44 billion in 2022, Axios said.
Fidelity marks up the value of its stake in Elon Musk's X
Fidelity marked up the value of its X Holdings shares by 32.37% in October, the largest monthly increase since helping Elon Musk buy the company in 2022. The big picture: Even with the valuation boost,
Fidelity marks up value of its stake in Elon Musk's X by 32%: report
Fidelity marked up the value of its holdings in Elon Musk's X by 32.37% in October, Axios reported Sunday, possibly boosted by the social media's stake in xAI. Despite the markup, Fidelity still values the platform formerly known as Twitter at a 72% discount to the $44 billion Musk purchased it for in 2022.
4d
Report: xAI developing new consumer chatbot and AI model
According to the Journal, xAI will raise more funding next year to support its growth efforts. The company has received at ...
4d
on MSN
xAI could soon have its own app
Musk created xAI as an alternative to OpenAI, the company he helped found but later distanced himself from over ideological ...
Interesting Engineering on MSN
52m
White House power? Elon Musk’s legal strike targets OpenAI’s shift to profit
Elon Musk is seeking a federal injunction to prevent OpenAI from fully transitioning into a for-profit entity and allegedly ...
2d
xAI: Musks KI-Start-up prepares its own Chatbot-App
Elon Musk apparently wants to make his AI chatbot xAI appealing to users outside of X as well. A dedicated app is in ...
12h
on MSN
Elon Musk asks court to block OpenAI from converting to a for-profit
The injunction would also stop OpenAI from allegedly requiring its investors to refrain from funding competitors, including ...
Deccan Chronicle
4d
Elon Musk's xAI May Soon Launch App for Grok AI Chatbot, to Compete With ChatGPT
Elon Musk’s xAI might soon launch a standalone app for its Grok chatbot, aiming to compete with OpenAI’s ChatGPT.According to ...
3d
In Just 16 Months, Elon Musk Achieved With xAI What Took OpenAI Nearly Nine Years To Accomplish
Elon Musk's artificial intelligence company, xAI, reportedly reached a valuation of $50 billion just 16 months after its ...
4d
on MSN
xAI is reportedly launching a ChatGPT-like app for consumers, deepening Elon Musk's rivalry with Sam Altman
Elon Musk's xAI could reportedly launch an app to challenge OpenAI's ChatGPT as soon as December, deepening his rivalry with ...
newsbytesapp.com
4d
Musk's xAI may soon release dedicated app for Grok chatbot
Musk has offered investors who backed his $44 billion Twitter acquisition, a 25% stake in xAI as a gesture of gratitude, ...
2d
on MSN
Elon Musk Spent 18 Hours Reviewing 5-Minute Presentations From xAI Team Member On Grok Improvements
Elon Musk has once again demonstrated his hands-on approach to leadership, dedicating 18 hours to personally reviewing ...
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