Cathie Wood’s Ark Invest has purchased a stake in Elon Musk’s xAI, according to a report by Bloomberg News. This investment by Ark highlights the growing interest in Musk’s artificial intelligence company. Wood, known for her innovative investment strategies, has added xAI to Ark’s portfolio. The move comes as Musk continues to make waves in the tech industry with his advancements in AI technology. The reported stake acquisition by Ark Invest further solidifies Musk’s position as a key player in the AI space.
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