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OpenAI Announces SearchGPT in Challenge to Google's Search Dominance
Musk said he will discuss investing $5 billion in xAI with the board of directors of Tesla.
After gaining support from fans on platform X, Musk plans to discuss with Tesla's board of directors the possibility of investing $5 billion in xAI, an artificial intelligence startup. Earlier this week, Musk launched a 'poll' on platform X to seek opinions from his 191 million fans on the potential investment. Musk asked, 'Assuming xAI's valuation is set by several reliable external investors, should Tesla invest $5 billion in this company?' He also wrote, 'Board approval and shareholder voting are necessary, so this is just a trial balloon.' By the second day, about 67 of the 958,086 voters had agreed.
Top 20 U.S. stock trading volume on July 25th: Ford dropped sharply by 18.4%, averaging a loss of 0.3 million per electric vehicle.
On Thursday, Nvidia, the top trading company in the US, fell by 1.72%, marking its third consecutive day of decline with a turnover of 51.53 billion US dollars. Nvidia's partner SMC is reportedly raising 0.95 billion US dollars to stimulate business development with the help of AI server trends. Tesla, ranked second, rose 1.97% with a turnover of 22.201 billion US dollars. UBS Group believes that the profit return of Tesla's AI project is still far away, but the market has given it overly high expectations for its development potential, leading to its stock price far above its reasonable valuation. The bank reaffirmed its "sell" rating on Tesla. Tesla CEO Musk said on Tuesday that Tesla's value lies mainly in its autonomous driving.
US Stock Futures Rise as Tech Rout Pauses; PCE Data Awaited
Nvidia, Alphabet, Microsoft, Drag S&P, Nasdaq Lower | Wall Street Today
Microsoft Options Spot-On: On July 25th, 433.55K Contracts Were Traded, With 2.31 Million Open Interest
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