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title: Elon Musk’s ChatGPT rival xAI hits $50B valuation after raising $5B
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The prolific entrepreneur known for Tesla, SpaceX, and his dramatic acquisition of Twitter (now X), has added another milestone to his portfolio. His artificial intelligence startup has reached a valuation that surpasses Twitter’s.

| View in browser THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS PHOTO: XAI Elon Musk’s ChatGPT rival xAI hits $50B valuation after raising $5B The prolific entrepreneur known for Tesla, SpaceX, and his dramatic acquisition of Twitter (now X), has added another milestone to his portfolio. His artificial intelligence startup has reached a valuation that surpasses Twitter’s. Read here Mubadala to acquire CI Financial in $8.7B deal The Abu Dhabi-based alternative asset management arm of Mubadala Investment Company has agreed to take the Canadian asset and wealth manager in an all-cash deal, including debt. Read here PHOTO: RAYSONHO @ OPEN GRID SCHEDULER Anthropic, Amazon ties deepen with $4B funding The California-based AI safety and research company has announced an expansion of its partnership with Amazon Web Services, solidifying a collaboration that aligns cutting-edge AI with cloud technology. Read here PHOTO: ​​TONY WEBSTER Tricentis gets $1.33B investment from GTCR The Texas-based specialist in continuous testing and quality engineering received the fresh capital from the Illinois-based growth-oriented private equity firm at a $4.5 billion valuation. Read here PHOTO: ​​TRICENTIS DEALS ROUNDUP Anglo American receives $530M from Amplats stake sale Driverless-tech firm Pony AI said to raise $260M in US IPO Couche-Tard persistent on deal with 7-Eleven’s Seven & i GE reaches $362.5M shareholder settlement over power unit Ninety One secures $260M on first close of ACO Fund 3 Standard Chartered mulls sale of wealth, retail units in Africa Vertical Aerospace’s eVTOL adds $50M to $180M transaction Sirona Medical raises $42M in Series C financing led by Avidity Cardless gets $30M for co-branded credit and loyalty cards Range receives $28M in Series B led by Cathay Innovation INTERNATIONAL MARKETS Siemens secures $10.5B bridge loan for Altair deal The German technology company has secured a facility to be syndicated out to more than 10 banks to fund its acquisition for the software maker, which is its largest ever. Read here KKR, CPPIB seek to raise $4.2B to split Axel Springer The investors are looking to raise the debt to finance their bid to separate the German media conglomerate’s classified ads businesses from its news operations. Read here Banco BPM rebuffs underpriced UniCredit bid The Italian banking group dismissed the unsolicited takeover offer by its rival, saying it undervalued the bank, tied its hands in strategic deals and created new risks. Read here Globalia confirms interest from Air France-KLM The owner of Air Europa confirmed that it received interest from the Franco-Dutch group for a 20% stake in the Spanish airline, as well as interest other airlines and funds. Read here Looking for European and UK dealflow? Our partner Dealsuite has 1800+ SME companies for investors VISIT DEALSUITE Join Our LinkedIn Community Questions? Please email us at marketing@cyndx.com.  Did a friend forward you this email? Subscribe here. Cyndx Networks LLC, 525 Okeechobee Blvd. #840, West Palm Beach, Florida 33401 Unsubscribe Manage preferences |
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