While in September, Fidelity, which invested $19.6 million in the social network, reported that The value of its investments has decreased by almost 79% since 2022. Twitter (now X) faced a major financial challenge after the acquisition: many advertisers left the platformdue to Musk’s controversial statements and imperfect moderation. Elon himself complained about the boycott and later publicly sent former advertisers awayincluding Apple and Disney, to hell with it (in a more decent translation). As for xAI, at the time of its debut, the company positioned itself as one that seeks to «understand the true nature of the universe» and today has already presented our own Grok chatbot — trained on Twitter posts and subsequently integrated into the social network It is interesting that Elon Musk has previously called for a cautious attitude towards AI and even signed an open letter demanding to suspend the development of the technology for six months. The billionaire also actively opposed OpenAI, accusing the company of commercializing artificial intelligence and deviating from its original goal of developing artificial intelligence for the benefit of humanity. The billionaire was among the founders of the startup, but left it a few years after its foundation: officially — due to a conflict of interest with Tesla, and rumored — due to the refusal to hire him as CEO. Valor Equity Partners, Sequoia Capital, and Andreessen Horowitz are expected to participate in xAI’s new funding round, as well as Qatar’s sovereign wealth fund and the Qatar Investment Authority. It should be noted that OpenAI was valued at $157 billion during the last funding round in October.