elon musk
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Elon Musk’s xAI just secured $20 billion in funding, but the most interesting part of the deal isn’t the dollar amount. It is the unconventional way the deal was structured to satisfy both Silicon Valley and Wall Street. The funding round includes a massive lineup of strategic partners, including Nvidia, Cisco, and the Qatar Investment…
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Ouch! Billionaires can be so harsh, lol. Tesla CEO Elon Musk’s trust sold about $6.9 billion worth of stock in the company over the last week. Some of the shares were sold in part to satisfy tax obligations related to an exercise of stock options but he’s just cashing in on record stock price. Despite…