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 * Monumental Funding Has Elon Musk AI Venture Primed For Takeoff

Meet Luke Lango


MONUMENTAL FUNDING HAS ELON MUSK AI VENTURE PRIMED FOR TAKEOFF

If xAI becomes a champion of the multi-trillion-dollar AI race, one stock in
particular could absolutely soar

12h ago · July 28, 2024 By Luke Lango, InvestorPlace Senior Investment Analyst

Key Takeaways:

 * About a year ago, Elon Musk set out to create his own AI startup, xAI. He
   felt that his competitors were all missing the ultimate goal of creating
   powerful and fair AI.
 * Elon Musk’s xAI has raised “$6 billion in a series B funding round, reaching
   a post-money valuation of $24 billion.”
 * We have pinpointed a potentially huge “backdoor” investment opportunity into
   this startup. It’s a stock that you’ve likely have never heard of before, but
   we think it could be xAI’s leading tech component supplier.

Is This Elon Musk’s Favorite AI Stock?


Editor’s Note: This article was previously published under the title, “Learn How
to Profit From Elon Musk’s $18 Billion AI Project” but has been updated to
include the most recent information.

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.  

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. 

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


REPLAY NOW AVAILABLE: LUKE JUST DROPPED AN AI BOMBSHELL

Luke Lango just dropped a bombshell on his readers.

He said AI could be about to send hundreds of stocks crashing and a few well
positioned stocks soaring.

This is the AI story nobody is talking about

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



World-changing people with ample resources create 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 

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. 

And right now, you have an opportunity to invest in xAI before this company
takes off. 

Now, it’s not a direct investment, per se. After all, xAI is barely a year old.
It’s still a private startup, which means you can’t buy its stock anywhere. 



But we have found a potentially huge “backdoor” investment into xAI. It’s a
stock that you likely have never heard of before – but we think it could be the
leading tech component supplier for this burgeoning AI titan. 

If xAI does win the multi-trillion-dollar AI race… and Elon Musk does it again…
then this stock could absolutely soar. 

Get all the details about this potential future winner right now.

On the date of publication, Luke Lango did not have (either directly or
indirectly) any positions in the securities mentioned in this article.

P.S. You can stay up to speed with Luke’s latest market analysis by reading our
Daily Notes! Check out the latest issue on your Innovation Investor or Early
Stage Investor subscriber site.



Submit



Luke Lango Editor, Hypergrowth Investing


MEET LUKE LANGO

By uncovering early investments in hypergrowth industries, Luke Lango puts you
on the ground-floor of world-changing megatrends.

Learn more about Luke

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

Article printed from InvestorPlace Media,
https://investorplace.com/hypergrowthinvesting/2024/07/monumental-funding-has-elon-musk-ai-venture-primed-for-takeoff/.

©2024 InvestorPlace Media, LLC


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