Ark Invest has reinvested in X Corp via its Ark Venture Fund, which connects to xAI, Elon Musk's AI venture. Following xAI's acquisition of X Corp, Musk announced a merger that values xAI at $80 billion and X at $33 billion. This deal aims to merge X's extensive user base with xAI's advanced models to form XAI Holdings Corp., envisioned as a platform for enhanced communication and AI applications. Ark Invest forecasts this merger as a crucial driver for consumer AI adoption and monetization of foundational models.
...the deal created a new combined entity called XAI Holdings Corp., a strategic union that integrates xAI's cutting-edge foundational models with X's massive user base of over 600 million...
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