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Elon Musk's Megadeal Between X and XAI Breaks Wall Street's Rulebook

5 pointsby cowboyscottabout 2 months ago

2 comments

Zigurdabout 2 months ago
From the Feb 2024 round announcement: <i>“A16Z, Blackrock, Fidelity Management &amp; Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners and Vy Capital, amongst others. Strategic investors NVIDIA and AMD also participated”</i><p>I bet the limiteds in those VC funds are thrilled to own a falling knife in social media and the interest payments on $12 billion in debt. And this is a real enhancement to Nvidia and AMD investment strategies.
biglyburritoabout 2 months ago
<a href="https:&#x2F;&#x2F;archive.md&#x2F;WXa2c" rel="nofollow">https:&#x2F;&#x2F;archive.md&#x2F;WXa2c</a>