Jack Dorsey, Larry Ellison Among Elon Musk's Twitter Backers Set To Gain Windfall From xAI Deal

Quick Summary:

Investors who supported Elon Musk‘s acquisition of Twitter are reportedly seeing significant returns due to the rising valuation of his AI company, xAI.

This could potentially double its valuation to $50 billion within six months, offsetting some of the unrealized losses from the Twitter deal.

Notable beneficiaries include Fidelity, Oracle co-founder Larry Ellison, Saudi Prince Alwaleed bin Talal, and Jack Dorsey.

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Article Details

Author / Journalist: Pooja Rajkumari

Category: Technology

Markets: United States

Topics: US67066G1040 XAI Benzinga neuro Elon Musk TSLA Pooja Rajkumari US88160R1014 Larry Ellison Tech News Jack Dorsey Stories That Matter General ARKVX NVDA Benzinga

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 07:37:04 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 340 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23902908

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