Investors in Elon Musk’s takeover of Twitter are set to make a huge windfall from a surge in the valuation of his artificial intelligence company, reaping rewards from being loyal backers of the billionaire’s business empire.
MuskxAI is set to close a new $5bn fundraising round as early as Wednesday, according to people with knowledge of the talks, doubling its valuation to $50bn in just six months.
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