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* xAI vs. Everyone: Can Elon Pull Off One Last Big Score?

Meet Eric Fry

XAI VS. EVERYONE: CAN ELON PULL OFF ONE LAST BIG SCORE?

AGI is coming much faster than we think…

1d ago · August 23, 2024 By Eric Fry, Editor, Fry's Investment Report

Source: Marina Linchevska / Shutterstock.com

Editor’s Note: Eric Fry, here. Before I hand things over to Luke Lango for
today’s Smart Money special issue, I want to once again thank those of you who
joined Thursday’s Road to AGI Summit. You can click here to watch a replay.

As we discussed at the summit, AI is progressing at an exponential rate. Now,
we’re watching Elon Musk’s xAI company redefine technology. These rapid
advancements bring us closer to the arrival of Artificial General Intelligence
(AGI) – which has the power to revolutionize every aspect of our lives.

Today, Luke will share updates on Musk’s AI startup, xAI, and the investment
opportunities that surround it.

Take it away, Luke…

Hello, Reader.

For years, one of the world’s richest men and arguably most influential tech
visionary – Elon Musk – has mostly watched the AI Boom unfold from the
sidelines.

But that all changes now.

Musk was set to secure up to $6 billion in funding for his new AI startup,
xAI. And he’s done it.

From xAI’s official blog:

> Our Series B funding round of $6 billion with participation from key investors
> including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia
> Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and
> Kingdom Holding, amongst others.

Now, aside from launching its AI chatbot Grok – which many experts say matches
up pound-for-pound with ChatGPT – things have been mostly quiet since xAI’s
founding.

But this $6 billion funding round could change that in a dramatic way.

Of course, the thing about world-changing businesses is that they start with
world-changing people. Those folks have revolutionary ideas. And when funded
with billions of dollars, they turn those ideas into world-changing
businesses.

--------------------------------------------------------------------------------

WALL STREET LEGEND ON ECONOMY: “IF YOU KNEW WHAT I KNOW, YOU’D BE TERRIFIED
TOO.”

Something huge is headed to America’s shores — and it scares the hell out of
Wall St. legend Louis Navellier.

When it makes landfall, its impact will be more violent and more severe than any
financial crisis we’ve ever seen…

“No matter how prepared you think you are, you aren’t prepared enough,” he
warns.

Click here to see his official warning

--------------------------------------------------------------------------------

After all, Apple (AAPL) only became what it is today thanks to Steve Jobs, who
came up with the idea of the iPhone. Jobs then leveraged the enormous amount of
money Apple was making off its computers to create the iPhone. And voila… Apple
became a trillion-dollar company.

Similarly, Microsoft (MSFT) grew into a tech titan because of Bill Gates, who
came up with the idea for Windows. Gates used the money Microsoft was making off
its PCs to further develop Windows. And that allowed Microsoft to become a
trillion-dollar company.

World-changing people with ample resourcescreate world-changing businesses.

So… if you want to invest in world-changing businesses… start with the
world-changing people gathering the resources necessary to bring their visions
to life.

That is exactly the situation we have with Elon Musk and xAI today.

INVEST IN A WORLD-CHANGER LIKE ELON MUSK

We certainly believe that Elon Musk is a world-changer.

He co-founded PayPal (PYPL), the world’s largest digital payment platform, now
worth nearly $70 billion…

And SpaceX, the world’s largest private space rocket firm, now worth about $180
billion.

He pioneered one of the world’s largest automakers in Tesla (TSLA)…

And he’s also the man behind Neuralink, The Boring Company, and X.

Musk has influenced how we pay for things, what cars we drive, how we
communicate online, how we see space…

I’d venture to say that he is one of the most influential business figures of
the past 20 years.

A great example of world-changing.

And now this world-changing person has not only turned his focus to a new
business venture at the heart of possibly the most transformative technology the
world has ever seen.

Would you bet against him here?

I don’t think I would.

THE FINAL WORD ON XAI STOCK

As we mentioned earlier, xAI has already launched its own impressive AI chatbot.
And it did that with very little outside funding. Just imagine what Musk and
company will be able to cook up with $6 billion in outside funding.

When all is said and done, xAI could be Elon Musk’s biggest venture yet – his
signature mark on the world, if you will.

His massive foray into the future of artificial intelligence is yet another sign
that the AI Revolution is as strong as ever… And even today’s impressive
achievements could still represent just the tip of the iceberg here.

Indeed, this industry continues to progress at unfathomable speeds. And that
means that AGI – when AI not only becomes smarter than the smartest human, but
also gains sentience and free will – is likely coming much faster than we think.

In fact, Elon Musk estimates we could be in a world dominated by AGI within the
next 24 months.

That’s why my InvestorPlace colleague Eric Fry held an all-important Road to AGI
Summit last Thursday, wherein he explored the world-changing potential of AGI –
technology so powerful it could either end the world as we know it or usher in
an unprecedented utopia.

Eric offered a roadmap to exponential wealth as we race toward a world driven by
(and potentially controlled by) AGI.

He believes there is a much smarter and far less risky strategy for building
wealth in the age of AI’s exponential progress – and many of those investments
are in companies that have no visible ties to AI whatsoever.

I also made a guest appearance at the summit, joining forces with Eric to ensure
that our viewers had the resources they need to future-proof for AGI.

Understanding this jump to lightspeed is crucial for seizing life-changing
investment opportunities. Watch the replay now!

Sincerely,

Luke Lango

Editor, Hypergrowth Investing

Submit

Eric Fry Editor, Smart Money

MEET ERIC FRY

By looking for big-picture trends that drive huge, multiyear moves in entire
sectors of the market, Eric Fry exploits moneymaking opportunities regular Wall
Streeters miss.

Learn more about Eric

--------------------------------------------------------------------------------

Article printed from InvestorPlace Media,
https://investorplace.com/smartmoney/2024/08/xai-vs-everyone-can-elon-pull-off-one-last-big-score/.

investorplace.com Open in urlscan Pro 2606:4700::6810:be86 Public Scan

Form analysis 5 forms found in the DOM

POST

GET https://investorplace.com/search/

POST

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POST

Text Content

investorplace.com Open in urlscan Pro
2606:4700::6810:be86 Public Scan

Form analysis
5 forms found in the DOM