Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon. Today is Wednesday, May 29th, and I'm your host, Kim Kahn. Our top story so far.

Kathy Woods' Arc Investment Management has taken a stake in Elon Musk's artificial intelligence startup X-AI.

The investment represents about 2% of the funds holdings,

Bloomberg reported.

X-A-I raised $6 billion in a series B funding round,

reaching a post-money valuation of 24 billion it said on

Monday. Muska said there will be more to announce in the coming weeks.

It's been a tough time in the markets for both this year with the flagship Arc Innovation Fund, ARKK, down 17% so far and

Tesla off nearly 30%. Would and Musk have expressed admiration for each other's ideas, tweeting back and forth before Musk bought the platform and renamed it X.

But a shorthand nickname for the two like Musk Wood or Cathlon remains elusive. Our lines are open.

Also in AI News, Pricewaterhouse Coopers will become the largest customer and first reseller of

Open AI's enterprise product as part of a new deal. That's according to the Wall Street Journal. Open A.I. is backed by Microsoft.

PWC will roll out the AI product ChatGPT Enterprise, the version of Chatbot ChatGTP cater towards large companies.

The firm will provide ChatGPT Enterprise to its 75,000 U.S. employees and 26,000 UK staff,

collectively over 100,000 licenses for the AI's startups product.

And fueled by AI fever, Invidia's market value has risen to 2.81 trillion dollars, about a hundred a billion away from surpassing Apple, the second most valuable

listed company.

Invidia hit an all-time intraday high of 1149 per share on Tuesday, with the stop- topping Interactive Brokers weekly list of most active

symbols.

Invitea is up less than 1% in trading so far today, with Apple putting a little more distance

between them gaining more than 1%. As far as seeking off a

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