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China set up a new ~$47.5B state-backed investment fund on May 24 as the third and largest phase of its Big Fund to boost the country's semiconductor industry (Reuters) 27-05-2024

Reuters: China set up a new ~$47.5B state-backed investment fund on May 24 as the third and largest phase of its Big Fund to boost the country’s semiconductor industry  —  China has set up a new state-backed investment fund with registered capital of 344 billion yuan ($47.5 billion) to boost the country’s semiconductor industry. Lees verder op Tech Meme

Elon Musk says all of the $6B in xAI's Series B is new money rather than shares “given” to investors in Musk's takeover of Twitter (Axios) 27-05-2024

Axios: Elon Musk says all of the $6B in xAI’s Series B is new money rather than shares “given” to investors in Musk’s takeover of Twitter  —  – That said, there’s plenty of overlap in the investor list, and it’s unclear if the original Twitter/X backers also received additional equity in xAI … Lees verder op Tech Meme