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Report suggests Elon Musk’s X is raising cash from investors
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Elon Musk's social media platform X, formerly known as Twitter, is reportedly in talks with investors to raise funds, valuing the platform at $44 billion. Since Musk acquired X in 2022, significant changes such as renaming the site, staff layoffs, and altering the verification system have led to a decline in its estimated value below the $44 billion purchase price. Musk's proximity to former President Donald Trump may boost investor confidence, as evidenced by a 40% rise in Tesla shares since Trump's election. Additionally, Musk's AI company, xAI, is seeking funding valued at $75 billion and has unveiled its latest AI model, Grok 3, which Musk claims surpasses OpenAI's ChatGPT.
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20 h. ago
Trump could ditch US’ $93 billion efforts to return to the moon to fuel Musk’s Mars dreams
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