TechFlow news, on November 27, Musk has offered investors who backed his $44 billion acquisition of Twitter (now X) a 25% stake in xAI. Founded last year to compete with companies like OpenAI and Anthropic, xAI is expected to complete a new funding round as early as Wednesday, raising $5 billion and doubling its valuation to $50 billion within just six months. By the end of this week's financing, xAI will have raised approximately $11 billion in total, funding massive expenditures required to build AI models and one of the world’s largest supercomputer clusters. This means that as the startup’s value surges, some of Musk’s supporters—who previously faced billions of dollars in paper losses from the Twitter acquisition—could now reap substantial gains through their xAI stakes. Investors set to benefit across both of Musk’s ventures include Fidelity, Oracle co-founder Larry Ellison, Saudi Prince Alwaleed bin Talal, Twitter co-founder Jack Dorsey, and Silicon Valley venture firms Sequoia Capital and Andreessen Horowitz (a16z).
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