TNB Tech Minute: Elon Musk’s xAI Looks to Raise More Money
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 29 October 2024
⏱️ 2 minutes
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| 0:00.0 | exchanges, the Goldman Sachs podcast featuring exchanges on rates, inflation and US |
| 0:11.2 | recession risk exchanges on the market impact of AI. |
| 0:15.0 | For the sharpest analysis on forces driving the markets and the economy |
| 0:20.0 | count on exchanges between the leading minds at Goldman Sachs. |
| 0:24.0 | New episodes every week. |
| 0:26.0 | Listen now. |
| 0:28.0 | Here's your TnB Tech Minute for Tuesday, October 29th. I'm Charlotte Gartenberg for the Wall Street Journal. |
| 0:38.0 | We exclusively report that Elon Musk's artificial intelligence startup X--AI, is in talks with investors for a new funding round. |
| 0:46.6 | That would value the company at about $40 billion. |
| 0:49.8 | That's according to people familiar with the matter. |
| 0:52.6 | It would close to double X-A-I's valuation from last spring |
| 0:56.2 | when it raised $6 billion in an earlier funding round. |
| 0:59.9 | The funding discussions are said to be in early stages |
| 1:02.4 | and the terms could change or talks could fall apart. |
| 1:05.0 | Representatives for X-AI did not respond to requests for comment. |
| 1:10.0 | Google Parent Alphabet saw Revenue Growth accelerate last quarter thanks to strong results for its cloud computing division. |
| 1:16.5 | The company's revenue topped 88 billion dollars in the third quarter. |
| 1:20.3 | That's up 15% from the same time last year. |
| 1:24.0 | The Google Search Engine and YouTube video platforms saw slowing revenue growth |
| 1:28.0 | for the second straight quarter. |
| 1:30.0 | That points to trouble in the company's advertising business. Ad sales were up more than 10% from the company's advertising business. |
| 1:33.0 | Ad sales were up more than 10% from the same period last year, |
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