X has about 16 employees in the area, a review of LinkedIn profiles found. XAI has one worker stationed at the Georgia facility and two additional employees listed as “X Corp Partner,” the company’s internal org chart shows. The deal with Develop Fulton says that 24 jobs will be maintained at the facility and none will be added. In fact, C3.ai CEO Thomas Siebel thinks the addressable market for enterprise AI could be worth $1.3 trillion by 2032 (citing research by Bloomberg). The company hasn’t even scratched the surface of that opportunity based on its current revenue, so its stock could be a great buy for the long term.
However, it would not do harm to follow the news for this information. The company continues to be a cash-flow machine, generating operating cash flow of $16.6 billion and free cash flow of $15.6 billion in the quarter. Nvidia ended the year with net cash and marketable securities of $43.2 billion and $8.5 billion in debt. It announced it will begin paying a modest $0.01 quarterly dividend next quarter. For the second consecutive year, Nvidia was able to more than double its revenue, which is an astonishing feat for a company its size.
- Past performance is not indicative of future results, and IPO shares may be subject to unpredictable price fluctuations.
- While X.AI remains a privately-held company with no current plans for an IPO, its substantial funding and innovative projects highlight its potential in the AI industry.
- The most recent versions of Grok are Grok-2 and Grok-2 mini, which were both released in August 2024.
- It is his largest company and multinational giant known for being the world’s most valuable automaker and one of the largest global suppliers of clean energy and battery storage systems.
- However, this could also inflate the numbers past any objective guess or approximation.
- In response to Musk’s initial offer, OpenAI CEO Sam Altman told reporters that the company was “not for sale.”
He originally had said X Corp investors will own 25% of xAI, so that may be own Wood acquired shares. However, investors can explore pre-IPO opportunities to own shares before Wall Street. We put all of the tools available to traders to the test and give you first-hand experience in stock trading you won’t find elsewhere. The Bullish Bears trade alerts include both day trade and swing trade alert signals. These are stocks that we post daily in our Discord for our community members.
The team behind xAI Corp comprises alumni from leading tech giants and research institutions, including DeepMind, OpenAI, Google Research, Microsoft Research, Twitter, and Tesla. These members have previously been involved in notable projects such as DeepMind’s AlphaCode and OpenAI’s GPT-3.5 and GPT-4 chatbots. With such how can you really earn a stellar team, the company is poised to compete with established AI companies like OpenAI, Google, and Anthropic. Delving further, X Holdings Corp emerges as a holding company encompassing both xAI Corp and X Corp. OTC Markets Group is the stage for trading X Holdings Corp shares (XHLD), with pricing influenced by subsidiary performance, market sentiment, and speculative trends. Given the opportunities, management recently raised the annual dividend by 18% to $2.10.
X and xAI’s partnership
Elon Musk’s AI stock is Tesla, which uses machine learning and automation in its technology. Musk’s AI company, xAI, is not publicly traded and, therefore, lacks stock. At several points in 2024, NVIDIA overtook Apple and Microsoft to become the world’s largest company by market cap. It is also a global leader in data center technology, which companies use for machine learning and supercomputing. Over the past six months, Tesla’s valuation has significantly dipped.
- The stock has seen an 8.43% increase in the last 24 hours and currently holds a CoinMarketCap ranking of #3540.
- The equipment is set to be used to train large language models and semantic search products for the X platform, the documents say.
- Over 25,000 companies use Intercom’s next-gen customer service platform to send over 600 million messages monthly.
- However, xAI remains privately held, limiting access to purchase its stock.
How to Buy xAI as an Accredited Investor
The loss came in at a more reasonable level of $15.7 million on a non-GAAP basis because that metric excluded $62.6 million in stock-based compensation, which is a non-cash expense. The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary designed to help people take control of their financial lives. As I’ve said before, I see Nvidia continuing to be a major pillar supporting the broader AI narrative for years to come. But as alternative GPUs come to market — presumably at lower prices — Nvidia’s ability to compete will become challenging.
How Much is xAI Worth?
Investing in IPOs carries significant risks, including volatility and the potential of losing your entire investment. Past performance is not indicative of future results, and IPO shares may be subject to unpredictable price fluctuations. Additionally, investing in early-stage companies may involve higher risks due to limited operational history and market uncertainty. The AI start-up was a private company owned by Musk, his fellow X investors, and several institutional investors. Its data center business once again led the way, with revenue surging 93% year over year to $35.6 billion.
Is xAI listed on the stock market?
Founded in March 2023, xAI is an American startup focused on artificial intelligence (AI) technology. Because of federal regulations, retail (non-accredited) investors are not able to invest in private companies. These companies provide accessible investment opportunities in AI. Investors can engage with them through regulated brokers like eToro, diversifying their portfolios in a sector poised for significant growth. EToro is a top platform for investing in AI stocks because it is available in over 150 countries, offers over 4,500 stocks and ETFs, deserialize json to object in python and is trusted by over 30 million investors. The Fundrise Innovation Fund is another venture capital fund open to everyone.
XAI aims to raise $1 billion at a $15 billion valuation as it builds the company. The rapid rise and new publication by thomas birch and international colleagues on interpreting lead isotopes valuation are testaments to Elon Musk’s track record of building successful startups into multi-billion companies. We don’t care what your motivation is to get training in the stock market. If it’s money and wealth for material things, money to travel and build memories, or paying for your child’s education, it’s all good.
Who owns xAI?
Positioned for growth, it pioneers pre-quantum solutions, and has the potential to shape industries and redefine the future of technology. The best method for retail investors to acquire an equity stake is to own the ARK Venture Fund. Cathie Wood has already invested in the company pre-IPO and by owning the fund, retail investors can get exposure to xAI equity. Once that deal happens, institutional investors or early employees may list shares on pre-IPO platforms to cash out. Musk often keeps his companies private, offering new investors a chance to acquire equity and employees to liquidate private shares periodically.