New York Times:

Internal docs: Fidelity, TPG, Sequoia, and others are buying ~$250M worth of shares in xAI under a tender offer valuing it at $113B; Fidelity is purchasing $20M  —  Two dozen venture capital firms and other investors are investing in xAI, the artificial intelligence and social media company.

New York Times:

Internal docs: Fidelity, TPG, Sequoia, and others are buying ~$250M worth of shares in xAI under a tender offer valuing it at $113B; Fidelity is purchasing $20M  —  Two dozen venture capital firms and other investors are investing in xAI, the artificial intelligence and social media company.

Source: TechMeme
Source Link: http://www.techmeme.com/250612/p38#a250612p38