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UAE Fund MGX Has Held Talks to Invest in Musk’s XAI

The Information · Natasha Mascarenhas · last updated

MGX, a new artificial intelligence-focused investment firm backed by United Arab Emirates capital, has had talks to invest in Elon Musk’s xAI, representatives of the two firms have said privately. XAI, maker of the chatbot Grok, has been discussing raising $5 billion at a valuation of about $45 …

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