Fidelity Just Boosted the Value of Its Stake in XAI by 70
1 day ago · Elon Musk's xAI reportedly closed a $5 billion funding round last month at a $50 billion valuation. A Fidelity fund has boosted the value of its shares in xAI by 70%, according to filings.
Fidelity reportedly marked up its X stake by 32% | TechCrunch
2 days ago · Axios reports that this move is probably connected to xAI — Fidelity invested in the Musk-founded AI startup’s $6 billion Series B earlier this year, and the firm also marked up its xAI shares ...
Elon Musk’s xAI Just Doubled Valuation to $50B—4 Winning
14 hours ago · Subsequent estimates from Fidelity showed a significant dip in value, with its stake valued at around $4.2 million as of September. Although this figure rose to $5.5 million in October, it still ...
Fidelity marks up the value of its holdings in Elon Musk's
2 days ago · One potential factor driving the change is xAI, Musk’s separate artificial intelligence venture, which is heavily reliant on X’s data to train its large language model. Fidelity was part of a $6 billion Series B funding round for xAI and held its shares at cost for months before marking them up by around 70% in October.
Fidelity Ups Valuation of Elon Musk’s X and xAI Stakes - MSN
Fidelity has raised the estimated value of its stake in Elon Musk’s X (formerly Twitter) by 32.37% in October, according to an Axios report. Despite the boost, the social media platform is still ...
Fidelity boosts valuations of its stakes in Elon Musk’s X and xAI ...
Indeed, xAI raised an additional $5 billion last month in a deal that almost doubled its valuation, sources told the Financial Times. Representatives for Fidelity, X and xAI didn't immediately ...
Fidelity Raises Valuation Of Elon Musk's X, But It Remains
1 day ago · Fidelity invested $6 billion in xAI's Series B round and increased the valuation of that stake by 70% in October. ... free reports and breaking news that affects the stocks you care about. Join ...
Fidelity marks up value of its stake in Elon Musk's X by 32%: report
2 days ago · Fidelity invested in xAI's $6 billion Series B funding round earlier this year. The investment firm held xAI shares at cost for months until marking them up by about 70% in October, the report added.
Scoop: Fidelity marks up the value of its stake in Elon Musk's X
2 days ago · Fidelity invested in xAI's $6 billion Series B round, and held those shares at cost for months until marking them up by around 70% in October. The Series B investment was new money, but there have been reports that X Holdings has a significant equity stake in xAI. If so, that could help explain the X Holdings increase.
X Holdings’ value up 32% amid Fidelity’s xAI backing - Tech in Asia
2 days ago · Fidelity took part in xAI’s US$6 billion series B funding. It marked up the value of these shares by about 70% in October, which may have affected its valuation approach to X Holdings.
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