Cathie Wood from Ark Investment Management ($ARKK (+3.26%) ) has reportedly acquired a stake in Elon Musk's
AI startup
xAI acquired. This investment accounts for approx. 2% of the holdings of the Ark Venture Fund of the Ark Venture Fund. xAI has recently raised 6 billion US dollars in a Series B financing round raising a valuation of 24 billion US dollars achieved.

Previously, Ark had invested in OpenAI which accounted for approx. 4% and in Anthropicwhich accounts for approx. 5% of its asset allocation.