Cathie Wood’s $60 Million Venture Fund Nabs Stake in Elon Musk’s xAI – Bloomberg

Cathie Wood, a prominent investor, has recently invested $60 million in Elon Musk’s xAI through her venture fund. Wood’s fund has acquired a stake in Musk’s innovative project, which focuses on artificial intelligence (AI). This strategic move showcases Wood’s confidence in Musk’s vision and the potential for xAI to disrupt the AI industry. With this investment, Wood is positioning herself at the forefront of cutting-edge technology and solidifying her reputation as a forward-thinking investor.

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