As a company, X.AI is in its very early stages, so it’s unlikely that you’ll find many offers from people looking to sell their equity in the company. However, if you’re determined to invest in the company, we recommend you monitor pre-IPO platforms in case a sale of X.AI shares pops up. The price of Tesla stock increased considerably last year, growing by +85% from a low of $113 in January 2023 to $209 in January how to buy bitcoin in 7 steps 2024. While the broader market rallied in the past year in general, Tesla way outperformed the S&P 500 Index in the time period (S&P 500 gained +21.5% YTD). In January of this year, CNBC reported that xAI is seeking outside investment at a valuation of $15 billion to $20 billion.
Who owns xAI?
That means that the price of Tesla shares will likely, at least in part, mirror the success and progress made by xAI. Elon Musk held a Twitter Spaces event in early July to reveal X.ai, his newest AI business. X.ai researchers will focus on science, while also building applications for enterprises and consumers.
How much is xAI worth?
The company focuses on AI research and development, with notable projects like the Grok AI chatbot. Currently, X.AI’s funding comes from private investments and venture capital firms like Andreessen Horowitz and Lightspeed Venture Partners. Unsurprisingly, there’s no shortage the pros and cons of starting a forex white label business of investors trying to get exposure to the Musk-led AI company. XAI just raised $6 billion at a $24 billion valuation from a handful of venture capital and private equity firms.
Just because Microsoft, Nvidia and C3.ai have been big winners this year does not mean they are necessarily the best equity investment for you right now. The term “artificial intelligence” itself was coined in 1956 by John McCarthy of MIT and Marvin Minsky of Carnegie-Mellon University. That year the two academics hosted a workshop titled the Dartmouth Summer Research Project on Artificial Intelligence that sought to define the basics of AI. Today, artificial intelligence—widely referred to as AI—is the biggest next big thing. Peter has been covering the cryptocurrency and blockchain space since 2017, when he first discovered Bitcoin and Ethereum. Peter’s main crypto interests are censorship-resistance, privacy and zero-knowledge tech, although he covers a broad range of crypto-related topics.
- Getting in on the ground floor of a new technology trend like AI can be exciting and enriching for investors.
- As of October 2024, x.AI makes up 1.52% of the fund and is its 20th largest holding.
- Since X.AI stocks are not available for public investment and there are no IPO plans, investors should consider alternatives like NVIDIA, Microsoft, and Google for robust AI investment opportunities.
- While these platforms can be helpful, shares for the company you want to invest in might not always be available for purchase.
- By keeping xAI private, he can run it independently of a board of directors and without needing to report to shareholders.
Two of the three AI stocks listed above are mega-cap companies. But history shows that smaller, nimbler growth stocks are more likely to introduce and profit from groundbreaking new products and services. There are a number of platforms on the market today where users can buy shares from pre-IPO companies or private companies.
Step 4: Place your order and buy xAI alternative stocks
This chatbot service uses natural language to create humanlike conversational dialogue. Users ask questions on any subject imaginable, and ChatGPT provides detailed answers. X.AI, founded by Elon Musk, is an AI company dedicated to advancing human understanding of the universe through scientific discovery. The team, known for contributions to major AI advancements, develops cutting-edge technologies like Grok, how to buy ico tokens a conversational AI, and PromptIDE for prompt engineering. They collaborate with X Corp to bring these technologies to over 500 million users on the X app.
xAI, Elon Musk’s Artificial Intelligence (AI) Company, Has Spectacular News for Nvidia Stock Investors
While none of these companies are working on the exact same problems as xAI, they either benefit from or are themselves investing heavily in artificial intelligence. While there’s no way for you to buy shares of xAI directly, you can get exposure to the company via the ARK Venture Fund. As of October 2024, x.AI makes up 1.52% of the fund and is its 20th largest holding. The tremendous amount of interest in AI began in November 2022, when OpenAI first released ChatGPT for use by the general public.
This is a fairly small position, but the Venture Fund also has stakes in a number of other private companies that may be of interest. SpaceX, Epic Games, Anthropic, Figure AI, and OpenAI are all part of the fund’s top 10 holdings. The mission for xAI is “to understand the true nature of the universe” and to be maximally truth-seeking to help filter out and prevent the spread of misinformation. Elon Musk has a new startup focused exclusively on artificial intelligence. If you’re considering investing in AI, the first step is to do plenty of research.