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$ARK Innovation ETF (ARKK.US)$ $Tesla (TSLA.US)$ $Microsoft (MSFT.US)$
Ark Investment buys stake in Elon Musk’s AI startup xAI.
xAI stake represents 2% of Ark Venture Fund’s holdings.
Follows Ark's investments in OpenAI (4%) and Anthropic (5%).
Ark Chief Futurist predicts AI models worth trillions by decade's end.
xAI benefits from access to X’s distribution and real-time data.
xAI raised $6 billion in series B funding in May 2023.
Ark...
Ark Investment buys stake in Elon Musk’s AI startup xAI.
xAI stake represents 2% of Ark Venture Fund’s holdings.
Follows Ark's investments in OpenAI (4%) and Anthropic (5%).
Ark Chief Futurist predicts AI models worth trillions by decade's end.
xAI benefits from access to X’s distribution and real-time data.
xAI raised $6 billion in series B funding in May 2023.
Ark...
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