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TSL CEO's new AI company valued at $50 billion, investors gain 25% equity.
According to reports, the CEO of TSL has provided a quarter of his AI company's equity to investors who assisted him in completing the acquisition of the social media platform. This AI company was established last year with the goal of competing with leading companies in the industry.
Insiders reveal that the AI company is set to complete a new round of $5 billion financing this week. In just six months, the company's valuation has doubled to $50 billion. After this round of financing, the company will have raised approximately $11 billion in total, and these funds will be used to develop AI models and build a world-class supercomputing cluster.
It is worth noting that due to the significant rise in the value of AI companies, some investors are expected to achieve substantial returns through their holdings. These investors previously suffered billions of dollars in paper losses in the acquisition case on social platforms. This development may partially offset their losses from prior trades.