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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Datadog closed up 31%+ after reporting Q1 revenue up 32% YoY to $1B and raising its FY revenue forecast, an outlier in the software industry amid the AI boom (Mike Wheatley/SiliconANGLE)

Mike Wheatley / SiliconANGLE : Datadog closed up 31%+ after reporting Q1 revenue up 32% YoY to $1B and raising its FY revenue forecast, a...