Musk gives 25% of xAI stake to those who funded Twitter buyout: FT

Elon Musk has given 25% of shares in his AI startup xAI to investors who helped fund his $44-billion Twitter (now X) takeover, Financial Times reported. This comes as xAI is reportedly set to raise $5 billion at an increased valuation of $50 billion. Fidelity, Sequoia and Jack Dorsey are among the investors set to benefit from the funding round.