How to Profit From Elon Musk’s $18 Billion AI Project – InvestorPlace

The global AI Race has begun, and its off to a red-hot start. Companies like Microsoft (MSFT), Amazon (AMZN) and Apple (AAPL) among countless others are all pouring billions of dollars into this groundbreaking tech.

Why? Because they know that the winner of the AI Race will inevitably become the worlds most powerful company.

But funnily enough, the ultimate winner may not be any of those Big Tech companies.

Rather, it may be a company that youve likely never heard of before

Im talking about xAI, Elon Musks newest AI startup.

About a year ago, Elon Musk set out to create his own AI startup, xAI. He felt that his competitors were all missing the ultimate goal of creating powerful and fair AI. Now, just over a year later, that startup is working to raise $3 billion at an $18 billion valuation.

That is huge growth for a company in just under a year.

But xAIs growth story could just be getting started.

After all, Apple didnt become Apple because of the iPhone. It became Apple because of Steve Jobs.

Microsoft didnt become Microsoft because of Windows. It became Microsoft because of Bill Gates.

World-changing people create world-changing businesses.

So if you want to invest in world-changing businesses start by investing in world-changing people.

We certainly believe that Elon Musk is a world-changer.

He co-founded PayPal (PYPL), the worlds largest digital payment platform, now worth more than $70 billion

And SpaceX, the worlds largest private space rocket firm, now worth $180 billion.

He pioneered the worlds largest automaker in Tesla (TSLA), which is now worth more than all of the next 10 biggest automakers combined

And hes also the man behind Neuralink, The Boring Company, and X.

Musk has influenced how we pay for things, what cars we drive, how we communicate online, how we see space

Id venture to say that he is one of the most influential business figures of the past 20 years.

A great example of world-changing.

And now this world-changing person has turned his focus to a new business venture at the heart of possibly the most transformative technology the world has ever seen: AI.

Would you bet against him here?

I dont think I would.

xAI has already launched an impressive AI chatbot named Grok, which many experts claim stacks up pound-for-pound against ChatGPT. And as we mentioned above, the firm is already in talks to raise $3 billion at an $18 billion valuation.

This latest startup is moving fast. With impressive progress. And the journey is likely just getting started.

Because xAI could be Musks biggest venture yet.

And right now, you have an opportunity to invest in it.

Now, not directly, of course xAI is barely a year old. It is still a private startup.

But we have found a potentially huge backdoor investment opportunity into xAI. Its a stock that youve likely have never heard of before, but we think it could be xAIs leading tech component supplier.

If xAI becomes a champion of the multi-trillion-dollar AI race, then this stock could absolutely soar.

Get all the details about this little-known supplier.

On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article.

P.S. You can stay up to speed with Lukes latest market analysis by reading our Daily Notes! Check out the latest issue on yourInnovation InvestororEarly Stage Investorsubscriber site.

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How to Profit From Elon Musk's $18 Billion AI Project - InvestorPlace