Previous close | N/A |
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52-week range | 2,000.00 - 2,000.00 |
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Avg. volume | 0 |
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Beta (5Y monthly) | 2.41 |
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1y target est | N/A |
(Bloomberg) -- Elon Musk’s artificial intelligence startup X.AI Corp. is set to close its funding round at a valuation of about $18 billion as soon as this week, according to people familiar with the matter.Most Read from BloombergMicrosoft’s Xbox Is Planning More Cuts After Studio Closings‘Seriously Underwater’ Home Mortgages Tick Up Across the USAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackMarjorie Taylor Greene Finally Got What She Deserved: DefeatThe size of the round
Rivian reported mixed quarterly results for the first quarter, but will see further cost savings from shifting its upcoming R2 production to its Normal, Ill., plant and trimming its capital expenditure forecast.
President Biden made a trip to the swing state of Wisconsin on Wednesday with two goals: tout an AI investment from Microsoft and highlight a past failure from Donald Trump.