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Tuesday’s top story: Elon Musk has raised another $6B for his AI start-up, xAI, just six months after previously raising $6B, back in June.
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🤑 Musk raises another $6B
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🫵 Trump reveals his AI team
📱 How to deploy human-like AI Phone calls with Synthflow
🗣️ How to analyze social media conversations using ChatGPT
🪴 European AI growth surges
Read Time: 5 minutes
FACT OF THE DAY
🤔 According to Retail Times, 55% of advertisers used AI to plan, create, and refine their Christmas ad campaigns, with 43% using it to specifically craft highly personalized, targeted content.
👆 AI and tech stocks continued to rebound after the selloff last week. NVIDIA and AMD were the out-performers of the session rising 3.69% and 4.52 respectively. This comes after Morgan Stanley named NVIDIA their top AI chip stock for 2025. Learn more.
Our Report: Elon Musk has raised another $6B in funding for his AI start-up, xAI, after previously raising $6B in June.
🔑 Key Points:
Musk confirmed that 97 “strategic investors”—including a16z, Blackrock, Sequoia, Morgan Stanley, Fidelity, Kingdom Holdings, Lightspeed, MGX, NVIDIA, and AMD—contributed to the funding round.
Although not many details have been disclosed, each investor reportedly contributed a minimum of $77,593 to the round, and this recent $6B injection brings the total amount invested in xAI up to $12B, just this year.
Rumors are that Musk plans to use this funding to double the size of his AI computer—Colossus—to power his AI efforts, which includes his chatbot Grok and AI image generator, Aurora.
🤔 Why you should care: According to reports, just investors from xAI’s previous funding round were allowed to participate and, as Musk targets a $50B valuation (which will double the worth of xAI in just six months), he is reportedly offering those who helped him with his Twitter acquisition, up to 25% of xAI shares.
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Our Report: Following the appointment of Sriram Krishnam as his AI Senior Policy Advisor, incoming president Donald Trump has named the rest of his Presidential Council of Advisers for Digital Assets (or “Crypto Council”), who will report to his “AI and crypto czar,” David Sacks.
🔑 Key Points:
Micheal Kratsios—who was the CTO during Trump’s first term and later became the MD of Scale AI—will become the Director of the White House Office of Science and Technology Policy, and closely advise Sacks.
Dr. Lynne Parker—Trump's former deputy CTO—will become the Executive Director for the President’s Council of Advisors for Science and Technology (PCAST) and will support Kratsios in his role.
Bo Hines, a former college football player and unsuccessful Republican congressional candidate (who Trump backed when he ran for a North Carolina seat in 2022) will become Executive Director of the “Crypto Council.”
🤔 Why you should care: Trump announced his “Crypto Council” along with the upbeat statement: “Together, we will unleash scientific breakthroughs, ensure America’s technological dominance, and usher in a Golden Age of American Innovation!”
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European VC firm, Balderton Capital and Dealroom, confirmed that over 24% of VC funding (roughly $13.7B) went to European AI start-ups this year, compared to just 15% four years ago.
This has helped double the collective value of European AI start-ups, over the last four years, to $508B, seemingly defying the “relatively negative narrative” and reputation around European AI start-ups.
While AI start-ups in Europe still depend on the US for funding/skills/resources etc.. they recruited 349,000 people for AI this year, marking a 168% increase, and demonstrating a “vibrant AI ecosystem.”
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Have a great Christmas, and until next time, Martin & Liam. 🎄
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