Editor’s note: Eric Fry, here. Before I hand over to Lukas Lango for today’s Smart money Special edition, I would like to thank those of you who were there on Thursday The road to the AGI Summit. Click here to watch a replay.
As we discussed at the Summit, AI is advancing exponentially. Now we are watching Elon Musk’s xAI company redefine the technology. These rapid advances bring us closer to the arrival of Artificial General Intelligence (AGRI) – that has the power to revolutionize every aspect of our lives.
Today Luke will publish updates on Musk’s AI startup xAI, and the associated investment opportunities.
Take it away, Luke…
Hello, readers.
For years, one of the richest men in the world and arguably the most influential tech visionary – Elon Musk – has mostly watched the AI boom from the sidelines.
But that is all changing now.
Musk was expected to raise up to $6 billion in funding for his new AI startup xAI. And he did it.
From the official xAI blog:
Our $6 billion Series B funding round with participation from key investors including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal, and Kingdom Holding, among others.
Apart from the launch of the AI chatbot Grok – which many experts believe is in no way inferior to ChatGPT – things have been largely quiet since xAI was founded.
But this $6 billion funding round could change that dramatically.
The special thing about world-changing companies, of course, is that they start with world-changing people. These people have revolutionary ideas. And when they are funded with billions of dollars, they turn those ideas into world-changing companies.
Finally, Apple (AAPL) became what it is today thanks to Steve Jobs, who came up with the idea for the iPhone. Jobs then used the huge sums of money Apple was making from its computers to develop the iPhone. And voilà… Apple became a trillion-dollar company.
Similar, Microsoft (MSFT) became a technology giant thanks to Bill Gates, who came up with the idea for Windows. Gates used the money Microsoft made from its PCs to develop Windows further. And that’s how Microsoft became a trillion-dollar company.
World-changing people, with abundant resources, create world-changing companies.
So if you want to invest in companies that will change the world, start with the people who are changing the world and gathering the resources necessary to turn their visions into reality.
This is exactly the situation we have today with Elon Musk and xAI.
Invest in a world changer like Elon Musk
We are convinced that Elon Musk will change the world.
He was co-founder PayPal (PYPL), the world’s largest digital payments platform, now valued at nearly $70 billion…
And SpaceXthe world’s largest private space rocket company, now worth around $180 billion.
He was a pioneer of one of the world’s largest automobile manufacturers in Tesla (TSL)…
And he is also the man behind Neuralink, The boring companyAnd X.
Musk has influenced how we pay for things, what cars we drive, how we communicate online, how we view space…
I would even go so far as to say that he is one of the most influential business stars of the last 20 years.
A great example of changing the world.
And now this world-changing individual has turned his attention to more than just a new business venture at the center of what may be the most disruptive technology the world has ever seen.
Would you bet against him here?
I don’t think I would do that.
The last word on xAI shares
As mentioned, xAI has already launched its own impressive AI chatbot, and with very little external funding. Just imagine what Musk and company could do with $6 billion in external funding.
Ultimately, xAI could be Elon Musk’s biggest project yet – his very own mark on the world.
Its massive foray into the future of artificial intelligence is another sign that the AI revolution is as strong as ever… And even today’s impressive successes may be just the tip of the iceberg.
In fact, this industry continues to evolve at an unimaginable pace. And that means that AGI – when AI becomes not only more intelligent than the smartest human, but also has sentience and free will – is likely coming much sooner than we think.
In fact, Elon Musk estimates that we could be living in a world dominated by AGI within the next 24 months.
That is why my InvestorPlace colleague Eric Fry held a very important The road to the AGI Summit last Thursday, exploring the world-changing potential of AGI – a technology so powerful that it could either mean the end of the world as we know it or bring about an unprecedented utopia.
Eric offered a plan for exponential wealth as we head toward a world powered (and possibly controlled) by AGI.
He believes that in the age of exponential advances in artificial intelligence, there is a much smarter and far less risky strategy for building wealth – and many of these investments are in companies that have no visible connection to artificial intelligence.
I also attended the summit as a guest and worked with Eric to ensure our viewers had the resources they needed to future-proof AGI.
Understanding this lightning-fast leap is critical to capitalizing on life-changing investment opportunities. Watch the replay now!
Sincerely,
Lukas Lango
Editor, Hypergrowth investments
