“Kingdom Holding later acquiring over a $1 billion stake in XAI… By the end of 2024, XAI's valuation had risen from about $25 billion to $45 billion.”

Good Bad Billionaire · Prince Alwaleed bin Talal: The billionaire royal

Play from 29:13
29:13

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What was described

rolled over his large stake in Twitter (X) into a $1 billion investment in XAI, an AI company founded by Elon Musk

$1 billion stake, XAI valuation rose from $25 billion to $45 billion by end-2024

Said nearby on the same subject

“Twitter's complained and within hours Elon Musk paused the change until further consideration, which is the fastest I've ever seen a social media company respond to user feedback.”
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“She said it was his enormous confidence... I learned about gaslighting from Elon Musk”
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“They sign up straight away ... each of those founding partners invest six million dollars for 10 % stake in the company”
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“Musk refused to sit for an interview… you and your team created a database of everything he'd ever said… used his words to create a computer-generated simulation of Elon”
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