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TechFlow news, according to Cointelegraph, Cathie Wood's ARK Invest has invested $60 million in Elon Musk's xAI company. Brett Winton, ARK's Chief Futurist, said the funding accounts for approximately 2% of the fund's holdings. Last month, ARK Invest disclosed that 4% of its total holdings were invested in OpenAI and 5% in Anthropic, the company behind the Claude AI model.
According to Cointelegraph, Cathie Wood's ARK Invest has invested $60 million in Elon Musk's xAI company. Brett Winton, ARK's Chief Futurist, said the funding represents approximately 2% of the fund's holdings. Last month, ARK Invest disclosed that 4% of its total holdings were invested in OpenAI and 5% in Anthropic, the company behind the Claude AI model.
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