Tag: XAI
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Chinese Investors Increasingly Buying Stakes in Elon Musk’s Companies
Affluent Chinese investors are purchasing stakes in Elon Musk’s companies through special-purpose vehicles to avoid scrutiny from U.S. authorities. Over $30 million in shares of SpaceX, xAI, and Neuralink has been sold by Chinese-backed asset managers, driven by profit motives. Musk maintains connections with Chinese officials as Tesla faces declining sales in Europe. Recent reports…
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Elon Musk’s Companies Experience Remarkable Surge in Value Post-Election
Elon Musk’s companies have risen by $613 billion in value since the election, with Tesla and SpaceX leading the gains. Musk aims to elevate X’s valuation to $44 billion, boosting his wealth further. Investor confidence remains high despite market fluctuations, indicating strong support for Musk’s ventures. Since the presidential election, Elon Musk’s companies have collectively…