According to TheInformation, UAE AI investment firm MGX is in investment talks with xAI, a subsidiary of Elon Musk. According to private disclosures from representatives of both parties, xAI is in discussions to raise $5 billion at a valuation of approximately $45 billion. XAI is the developer of the Grok chatbot. If this round of investment is completed, it will be MGX's second significant investment in the field of large language models. This 7-month-old company invested $6.6 billion in OpenAI last month. One of the two main supporters of MGX, Mubadala Investment Co Also purchased shares previously held by the bankrupt cryptocurrency exchange FTX through an affiliated company and invested in Anthropic. @ftyisha36437