ARK Invest has invested $60 million in Musk's xAI startup
Cathie Wood's ARK Invest has invested $60 million in Elon Musk's xAI startup, accounting for approximately 2% of the fund's holdings. Last month, ARK Invest disclosed that 4% of its entire holdings were invested in OpenAI, and 5% were invested in Anthropic, the company behind the Claude AI model.
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