Elon Musk Endorses Investment in AI Crypto
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Home > News
Published: 05/03/2024
-
Author: Leexim
Elon Musk Endorses Investment in AI Crypto
Elon Musk has expressed his support for investing in cryptocurrency companies within the AI sector.
Azcnews (5)
On Monday, Elon Musk, the CEO of Tesla and SpaceX, acknowledged the recent predictions made by venture capitalists who had previously shown optimism towards cryptocurrency and artificial intelligence. The insight came from a post by a user named Daniel on the X platform (formerly Twitter), sharing a meme that humorously depicted the shifting preferences of venture capitalists. The meme humorously stated, “I support the current thing.”
In response to the meme, Elon Musk affirmed the accuracy of this latest prediction, acknowledging that, in this case, “they’re right.” This acknowledgment aligns with Musk’s previous discussions on investor philosophy during a Spaces conversation with Cathie Wood, the CEO of ARK Investment Management, where he emphasized the value of having more allies in business, considering each investor as an ally.
Elon Musk’s extensive portfolio includes companies such as The Boring Co., Neuralink Corp., X (formerly Twitter), and xAI Corp. Notably, Musk emphasized his successful track record, boasting that he has never incurred losses for any investor in over 100 financing rounds across all his companies throughout the years.
In August 2023, it was reported that Neuralink, a company backed by Musk, secured a substantial $280 million in funding from Peter Thiel’s Founders Fund. This venture capital firm, linked to Musk through various investments, also supports other private companies, including SpaceX and The Boring Company.
Related: Elon Musk Revealed That He Still Holds Dogecoin
While Elon Musk orchestrated a high-profile buyout of Twitter with a consortium of 19 investors, including Andreessen-Horowitz VC fund, Larry Ellison (Oracle founder), Sequoia Capital, and Ron Baron, the investment took a downturn a year later. Investors experienced a significant depreciation in their stakes, amounting to approximately $4.6 billion, highlighting the volatile nature of such endeavors.
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Home > News
Published: 05/03/2024
-
Author: Leexim
Elon Musk Endorses Investment in AI Crypto
Elon Musk has expressed his support for investing in cryptocurrency companies within the AI sector.
Azcnews (5)
On Monday, Elon Musk, the CEO of Tesla and SpaceX, acknowledged the recent predictions made by venture capitalists who had previously shown optimism towards cryptocurrency and artificial intelligence. The insight came from a post by a user named Daniel on the X platform (formerly Twitter), sharing a meme that humorously depicted the shifting preferences of venture capitalists. The meme humorously stated, “I support the current thing.”
In response to the meme, Elon Musk affirmed the accuracy of this latest prediction, acknowledging that, in this case, “they’re right.” This acknowledgment aligns with Musk’s previous discussions on investor philosophy during a Spaces conversation with Cathie Wood, the CEO of ARK Investment Management, where he emphasized the value of having more allies in business, considering each investor as an ally.
Elon Musk’s extensive portfolio includes companies such as The Boring Co., Neuralink Corp., X (formerly Twitter), and xAI Corp. Notably, Musk emphasized his successful track record, boasting that he has never incurred losses for any investor in over 100 financing rounds across all his companies throughout the years.
In August 2023, it was reported that Neuralink, a company backed by Musk, secured a substantial $280 million in funding from Peter Thiel’s Founders Fund. This venture capital firm, linked to Musk through various investments, also supports other private companies, including SpaceX and The Boring Company.
Related: Elon Musk Revealed That He Still Holds Dogecoin
While Elon Musk orchestrated a high-profile buyout of Twitter with a consortium of 19 investors, including Andreessen-Horowitz VC fund, Larry Ellison (Oracle founder), Sequoia Capital, and Ron Baron, the investment took a downturn a year later. Investors experienced a significant depreciation in their stakes, amounting to approximately $4.6 billion, highlighting the volatile nature of such endeavors.
Read Less
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The market capitalization of the largest stablecoin in the crypto industry, Tether (USDT), has reached $100 billion for the first time ever, driven by surging investment demand from the market.
Top views
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Search...
Home > News
Published: 05/03/2024
-
Author: Leexim
Elon Musk Endorses Investment in AI Crypto
Elon Musk has expressed his support for investing in cryptocurrency companies within the AI sector.
Azcnews (5)
On Monday, Elon Musk, the CEO of Tesla and SpaceX, acknowledged the recent predictions made by venture capitalists who had previously shown optimism towards cryptocurrency and artificial intelligence. The insight came from a post by a user named Daniel on the X platform (formerly Twitter), sharing a meme that humorously depicted the shifting preferences of venture capitalists. The meme humorously stated, “I support the current thing.”
In response to the meme, Elon Musk affirmed the accuracy of this latest prediction, acknowledging that, in this case, “they’re right.” This acknowledgment aligns with Musk’s previous discussions on investor philosophy during a Spaces conversation with Cathie Wood, the CEO of ARK Investment Management, where he emphasized the value of having more allies in business, considering each investor as an ally.
Elon Musk’s extensive portfolio includes companies such as The Boring Co., Neuralink Corp., X (formerly Twitter), and xAI Corp. Notably, Musk emphasized his successful track record, boasting that he has never incurred losses for any investor in over 100 financing rounds across all his companies throughout the years.
In August 2023, it was reported that Neuralink, a company backed by Musk, secured a substantial $280 million in funding from Peter Thiel’s Founders Fund. This venture capital firm, linked to Musk through various investments, also supports other private companies, including SpaceX and The Boring Company.
Related: Elon Musk Revealed That He Still Holds Dogecoin
While Elon Musk orchestrated a high-profile buyout of Twitter with a consortium of 19 investors, including Andreessen-Horowitz VC fund, Larry Ellison (Oracle founder), Sequoia Capital, and Ron Baron, the investment took a downturn a year later. Investors experienced a significant depreciation in their stakes, amounting to approximately $4.6 billion, highlighting the volatile nature of such endeavors.
Read Less
0.0/5
Love
Leave a Reply
Your email address will not be published. Required fields are marked *
Comment *
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Name
Save my name, email, and website in this browser for the next time I comment.
LATEST
Azcnews Breaking (55)
News | Altcoin | Editor Choice | Research 05/03/2024
What is NFPrompt? Information about Token NFP?
Binance Launchpool announced its 41st project, NFPrompt, a Web3 project focused on A.I. Let's find out more about NFPrompt with AZC.News!
Azcnews (3)
News | Bitcoin | Editor Choice | Policy & Regulations 05/03/2024
Fear Grips Coinbase Community as Bitcoin Approaches ATH
Coinbase faces second outage as Bitcoin nears $69,000 high, impacting a 'small subset' with zero balances - attributed to a display issue.
Azcnews Breaking (54)
News | Altcoin | Editor Choice 05/03/2024
Fantom Foundation Proposes Multichain Compensation of $65M
The Singapore court will quantify the damages incurred by the Fantom Foundation to make a compensation request against Multichain.
Azcnews (1)
News | Altcoin | Editor Choice 05/03/2024
Binance Witnesses Massive Transfer of 28 Billion FLOKI Tokens
Nearly 28 Billion FLOKI Tokens Accumulated from Binance, Drawing Attention Amidst Divergent Price Movement.
Azcnews Breaking (53)
News | Altcoin | Editor Choice 05/03/2024
Tether (USDT) Supply Surpasses $100 Billion Milestone
The market capitalization of the largest stablecoin in the crypto industry, Tether (USDT), has reached $100 billion for the first time ever, driven by surging investment demand from the market.
Top views
1
Memecoins Have Been Leading The Market For Several Days
2
Blast Releases Mainnet, Expected Airdrop Redemption Schedule
3
OKX to List QnA3.AI’s GPT Token on its Spot Market
4
What is Axelar Network? Information about Token AXL?
5
Bitcoin Market Shows Over 20% Gap in Supply and Demand Dynamics
6
SynFutures Launches V3 on Layer-2 Blast
7
Bitcoin Surges to $65,000 as Tether Unleashes 1 Billion USDT
8
Cryptocurrency Exchanges in Korea Surge Amidst Bitcoin Rally
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What is Portal? Information about PORTAL Token?
10
Taiko Raises an Additional $15 Million in Series A Round
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Copyright 2024 © AZ CoinerContact Us
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Market
Analytics
Top Crypto Exchange
Top Cryptocurrency
Knowledge
Research
Glossary
Earn
Airdrop
Social Community
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