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Elon Musk is taking SpaceX's minority shareholders for a ride Nils Pratley

The Guardian > Energy

While SpaceX is routinely described as being owned by Elon Musk, he is not the only person in the capsule. While SpaceX is routinely described as being owned by Elon Musk, he is not the only person in the capsule. Elon Musk is taking SpaceX's minority shareholders for a ride T o Elon Musk's fanclub, there is nothing to see apart from more evidence of the great man's visionary genius. SpaceX, the rocket firm, is buying xAI, the artificial intelligence developer, and the combination of these two Musk-controlled entities is being valued at $1.25tn (£910bn). Or, as Musk described it, he is creating "the most ambitious, vertically integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world's foremost real-time information and free-speech platform".


UK maker of AI avatars nearly doubles valuation to 4bn after funding round

The Guardian

A British AI startup that makes realistic video avatars has almost doubled its valuation to $4bn (£3bn), in a boost for the UK technology sector. Synthesia was valued at $2.1bn last year and moved into new offices in central London, marking the moment with a ceremony attended by the Sadiq Khan, the city's mayor, and Peter Kyle, then technology secretary. On Monday, it announced its latest funding round, led by an existing investor, Google Ventures, had raised $200m and valued the British company at $4bn. Google Ventures is the search firm's venture capital arm. Synthesia uses human actors to generate digital avatars of people and also offers employers the ability to create replicas of their staff.