Elon Musk’s artificial intelligence company, XAI, has obtained $ 10 billion in fresh capital, doubling its challenge to open because the race to dominate the AI landscape intensified. Funds were uniformly divided between guaranteed debt and strategic investments in stocks.
The influx gives XAI more resources to extend its colossus supercomputer based in Memphis and form its Grok chatbot, CNBC reported on Tuesday, citing Morgan Stanley. The financing tour would have been overwritten, the main investors vivid for the challenges in the vision of Musk’s AI.
The Musk AI push intervenes while the American rivals of the race in advance. OPENAI closed an increase of $ 40 billion earlier this year at an astounding evaluation of $ 300 billion, while Anthropic has obtained new support which has pushed its value beyond $ 60 billion.
In March, Musk sold its social media platform X to Xai, integrating Grok directly into the platform. The agreement estimated XAI at $ 80 billion and X at $ 33 billion, which deduced $ 12 billion in debt compared to the $ 45 billion assessment. He originally bought X, formerly Twitter, for around $ 44 billion in April 2022.
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Musk’s quarrel with Trump stands out again
The recent increase occurs when Musk’s quarrel with US President Donald Trump has rekindled.
Trump was unleashed on Musk on Truth on Tuesday, saying that it owes its success to government grants and suggesting that the Federal Department of Government Effectiveness (DOGE) is expected to investigate Musk companies to reduce costs.
“More rocket, satellite or electric cars’ launches, and our country would save a fortune. Perhaps we should have made a good, hard, look at this? Big Money to save !!!” Trump wrote.
Musk retaliated on X, declaring: “I literally say cut everything. Now “, distancing itself from dependence on federal support. Their sputum on public spending has already shook the markets, Tesla losing $ 150 billion in value during a confrontation in June.
The renewed hostilities come as Musk increased his political commentary, warning the legislators who supported the recent act of spending on primary potential challenges and calling for a new party to counter what he considers a surplus of the flight.
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Lummis pushes for the tax relief of cryptography
Meanwhile, senator Cynthia Lummis introduced an amendment to the Trump tax and expenditure bill to end what she calls “disabled tax treatment” for crypto users.
The proposal would give up tax on digital asset transactions below $ 300, with an annual ceiling of $ 5,000, and delay taxes on the crypto won by mining, stimulus or guards until the assets are sold. It would also apply the 30 -day washing sales rule to the crypto, limiting the rapid tax loss strategies.
Earlier, the Senate rejected an amendment sponsored by the Democrats who sought to prohibit representatives of the government and their families from having or promoting cryptocurrencies, especially the same and nfts, up to a year after leaving its functions.
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