BlackRock invests $6 billion in X AI in late December; two days later, Musk restricts verified accounts.

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In late December 2024, BlackRock and other major investors participated in a $6 billion Series C funding round for Elon Musk’s AI company, xAI. This substantial investment is aimed at accelerating the growth of xAI’s artificial intelligence infrastructure and product offerings, signaling strong confidence in the company’s future.

However, just two days after the funding announcement, Musk made headlines by restricting and suspending verified accounts on the X platform (formerly Twitter). This move is part of his broader initiative to combat misinformation and improve security on the platform, marking a significant shift in his approach to content moderation.

BlackRock’s $600 million investment in Elon Musk’s xAI has garnered significant attention on the X platform. Some comments have accused the move of having hidden connections with other related discussions.

https://www.binance.com/en/square/post/12-30-2024-blackrock-s-600-million-investment-in-xai-sparks-debate-18252397243066

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https://cryptobriefing.com/elon-musk-xai-6b-funding/

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