Monday, May 27, 2024

Elon Musk says all of the $6B in xAI's Series B is new money rather than shares "given" to investors in Musk's takeover of Twitter (Axios)

Axios:
Elon Musk says all of the $6B in xAI's Series B is new money rather than shares “given” to investors in Musk's takeover of Twitter  —  - That said, there's plenty of overlap in the investor list, and it's unclear if the original Twitter/X backers also received additional equity in xAI …



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Sources: China's government asked Alibaba, ByteDance, and others to report on their plans to buy Nvidia RTX Pro 5500, saying it intends to approve the purchases (Qianer Liu/The Information)

Qianer Liu / The Information : Sources: China's government asked Alibaba, ByteDance, and others to report on their plans to buy Nvidi...