A cash (or spot) purchase of XAI (XFLT) stock means buying actual shares, making you a direct shareholder with rights to any dividends and potential capital gains. Most Canadian online brokers charge a fixed commission per order—typically between $5 and $10 CAD. As of today, XAI is trading at $5.67 USD, with a 24-hour increase of 0.53% but a negative weekly change of -1.07%. The fund’s market capitalization stands at $390.49 million, and average daily volume over the past three months is approximately 541,700 shares. InvestingBrokers.com is for informational purposes only and not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. We do not provide investment advice or solicitation of any kind to buy or sell any investment products.

Other pre-IPO platforms that may offer access include IPO Club, EquityZen, Linqto, and Forge Global. He originally had said X Corp investors will own 25% of xAI, so that may be own Wood acquired shares. With non-transparent financials and a dubious private valuation, xAI is likely to remain private until it can establish a valid business model with proven revenues and growth to justify its private valuation. Though xAI is separate from Musk’s other companies, including SpaceX, The Boring Coming, Tesla, and Neuralink, he has shared that he intends to share data across companies. Elon saw that investors were weary of his X Corp business, and used xAI equity to fully take over X Corp.

This LLM is employed in the Grok chatbot, which users can access through the X social media platform. Grok has access to web search, which allows it to provide more up-to-date information to users. Although Musk is famous for his various business ventures, such as SpaceX, X (formerly Twitter), Neuralink, and The Boring Company, only Tesla remains a public entity in which individuals can invest through the stock market. You should not expect xAI to become publicly traded in the near future. This is a fairly small position, but the Venture Fund also has stakes in a number of other private companies that may be of interest. SpaceX, Epic Games, Anthropic, and OpenAI are all part of the fund’s top 10 holdings.

Trading xAI Stock

Cerebras develops platforms for AI training, and it may hold an IPO in 2024, giving investors a chance to buy Cerebras stock. Meanwhile, the company is investing heavily in buying chips from Nvidia to train AI models and hiring to grow its team. These heavy investments likely mean the company is losing a lot of money. The company plans to spend $5 billion on AI initiatives in 2024 and 2025, including buying chips from Nvidia. Tesla focuses on using AI to advance the development of full self-driving software and robotics. Accredited investors who really want to buy pre-IPO shares of xAI should check out those and other secondary marketplaces to see whether they have shares available to buy.

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It put xAI right behind Anthropic’s $60 billion valuation, although it was a distant third to OpenAI’s $300 billion value. Given its early stage of development and the ease at which it can raise private capital, xAI likely won’t go public anytime soon. It was with a number of the companies, the investors in xAI going over a number of important things, that included the closing of the X transaction… Remember, xAI and X are now one company valuing X at $33 billion going in.

• Their strategic emphasis on explainable AI has opened doors in high-stakes sectors where transparency is paramount – from healthcare diagnostics to financial risk assessment and autonomous vehicle development.
• Since the liquidity for shares of private companies can be low, the pricing can also vary significantly across platforms and offers.
• While both companies come with inherent risks, for those who believe in their long-term potential, these investments could be both financially rewarding and integral to shaping future technological landscapes.
• Accredited investors who really want to buy pre-IPO shares of xAI should check out those and other secondary marketplaces to see whether they have shares available to buy.
• Investors would follow a similar process to buy an IPO stock like xAI when it goes public.

Elon Musk and OpenAI

Be sure to read the full disclaimer below prior to considering any investment in xAI. XAI positions itself as a competitor to OpenAI, Google, and Anthropic in the AI industry. The widely followed Wood has been a big AI bull, saying it’s the most important catalyst in every corner of her disruptive innovation strategy. Save 2,000+ hours of market research with free 5-minute reports on AI, Crypto and more. best programming languages for game development In a world increasingly concerned with AI ethics and safety, xAI’s mission to develop transparent and responsible AI sets it apart. Investors looking for opportunities that combine innovation with societal impact may find xAI an attractive choice.

What is the xAI stock symbol?

The price of Tesla stock increased considerably last year, growing by +85% from a low of $113 in January 2023 to $209 in January 2024. While the broader market rallied in the past year in general, Tesla way outperformed the S&P 500 Index in the time period (S&P 500 gained +21.5% YTD). Buying Tesla stock might be the best option for gaining exposure to xAI at the moment. According to Musk, xAI etherscan london countdown will work with Tesla in multiple ways (for example, Tesla’s self-driving capabilities will be improved due to xAI).

Once you’ve purchased XAI stock, the next step is to manage your investment. This involves tracking the stock’s performance, staying informed about any relevant news, and making adjustments to your portfolio if needed. Now that you have an account with a brokerage and funds deposited, it’s time to place an order to buy XAI stock. The industry’s shift toward autonomous AI systems, powered by advanced machine learning and deep learning capabilities, may open additional avenues for xAI’s expansion into manufacturing, transportation, and healthcare sectors. The Explainable AI market shows promising growth potential, with projections indicating expansion to $39.6 billion by 2033 at an 20.3% CAGR from 2024.

Investors in xAI

U.S. income distributions may also include return of capital, which affects Canadian tax treatment. In a landscape where both income and diversification are prized, XAI’s unique characteristics offer a timely and compelling case for those looking to participate in the next chapter of the alternative income story. The poll revealed that 67.9% of voters supported the idea of Tesla investing $5 billion in his artificial intelligence startup, xAI. The initiative could link xAI’s capabilities directly to Tesla’s self-driving software and in-vehicle AI systems. To purchase XAI stock, you will need to use an online brokerage platform. There are many brokerage platforms available, and choosing the right one depends on factors such as fees, customer service, and ease of use.

Rebecca Bellan is a senior reporter at TechCrunch, where she covers Tesla and Elon Musk’s broader empire, autonomy, AI, 8 best ways to buy bitcoin in the uk electrification, gig work platforms, Big Tech regulatory scrutiny, and more. She’s one of the co-hosts of the Equity podcast and writes the TechCrunch Daily morning newsletter. Previously, she covered social media for Forbes.com, and her work has appeared in Bloomberg CityLab, The Atlantic, The Daily Beast, Mother Jones, i-D (Vice) and more.Rebecca has invested in Ethereum. When asked about some of these risk factors, Munster appeared nonplussed. He suggested they’re inconsequential given the enormity of, for example, xAI’s value proposition and potential to become a dominant player in AI. Wang listed a few other risk considerations, such as anticompetition and user privacy concerns, particularly regarding how X quietly opted all users into data collection for AI model training.

• The market’s broad re-rating of alternative credit assets, paired with XAI’s high liquidity and seasoned portfolio management, further reinforce a constructive medium- to long-term outlook.
• Musk posted on November 19th, 2023, that X investors will own 25% of xAI, which was a bit misleading.
• Although Musk is famous for his various business ventures, such as SpaceX, X (formerly Twitter), Neuralink, and The Boring Company, only Tesla remains a public entity in which individuals can invest through the stock market.
• Independent due diligence is essential, and investors should be prepared for the possibility of total loss of investment.

Tesla vehicles with human drivers are currently used in The Boring Company’s Las Vegas tunnels to transport people. The Tesla Cybercab would significantly impact the functionality of TBC’s tunnels. Tesla’s VP of AI Software, Ashok Elluswamy, explained how The Boring Company would help create Tesla’s vision for robotaxis. Earlier this week, The Boring Company (TBC) announced that it has continuously mined in a Zero-People-in-Tunnel (ZPIT) configuration. A Tesla executive responded to TBC’s latest milestone and explained how Elon Musk’s tunneling company will create Tesla’s robotaxi future. However, according to a more recent report from Beth Kindig, the CEO and lead tech analyst at the I/O Fund, Colossus 2 may cost closer to $40 billion.

That’s not exactly a novel conclusion considering the semiconductor powerhouse has amassed an estimated 90% or more of the GPU market. The sources also said a $1 billion potential run rate figure was mentioned on the call. HelloSafe.ca offers site visitors information on insurance and personal finance products in compliance with applicable laws. Our guides, comparison tools and calculators are available free of charge. The content contained on the HelloSafe.ca website is for information purposes and does not replace that of professional advisors. Although continually updated, the information here may differ from what appears on the providers’ sites.

Holding onto your XAI shares may be appropriate, considering the trust’s strong income focus and its recent move to a slight discount to NAV, which could offer value potential. The fund’s diversified credit portfolio and history of maintaining distributions, even in challenging markets, support a positive mid- to long-term outlook for patient investors seeking steady income. XAI’s strategic resilience in a shifting interest rate environment adds further confidence.

Investors interested in xAI can explore alternative options such as pre-IPO marketplaces or private equity investments. Accredited investors may be able to find access to direct shares of xAI via secondary platforms like Hiive. However, non-accredited investors will need to access equity via a venture capital fund like the ARK Venture Fund.

The value of the company is instead determined through private funding rounds and valuations from venture capital firms. These private valuations reflect xAI’s potential as a leader in ethical AI development and innovation. In May, CNN reported that Elon Musk’s AI company raised a whopping $6 billion in new capital at a $24 billion valuation. While many investors anticipate an xAI IPO, it’s crucial to understand that an IPO is not the only type of liquidity event available for private companies. While much attention focuses on the possibility of xAI going public, other potential outcomes include acquisition or merger with another company.