Table of Contents

• Investors in Talks to Help Elon Musk’s xAI Raise $ …

• Capital Group's Secret to Weathering Market Cycles

• Top Tickers

• The Fourth Bitcoin Halving Is Coming: What It Mean …

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Investors in Talks to Help Elon Musk’s xAI Raise $3 Billion, Adding to Industry Arms Race

Funding round could value the artificial-intelligence startup at $18 billion, though details aren’t finalized

In a remarkable move that signals a new zenith in the AI arms race, Elon Musk's xAI is reportedly in discussions to raise a colossal $3 billion, potentially valuing the firm at an eye-watering $18 billion. With giants like Gigafund and stalwarts like Steve Jurvetson rumored to back the venture, the landscape of artificial intelligence is poised for a seismic shift.

The proposed fundraising marks another escalation in the artificial-intelligence arms race. Leading AI startups have raised billions of dollars in recent years to fund the computing resources needed to train advanced large language models, the technology powering generative AI chatbots.

Terms of the xAI fundraising haven’t been finalized and the plans could change.

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Capital Group's Secret to Weathering Market Cycles

The power of unity, adaptability, and the nurturing of talent across all levels

Just as a sports team relies on the collective strength and adaptability of its members, Capital Group harnesses diversity, collaboration, and a shared vision through its multi-manager system, the Capital System. With $2.5 trillion in assets, Capital Group's strategy diverges from the norm of highlighting "star" portfolio managers. Instead, it opts for a team-based approach, where funds are divided into segments managed by multiple portfolio managers, each bringing a unique style and approach. This method not only ensures better results and less volatility but also provides a robust framework for succession planning.

In a discussion with Goldman’s Betsy Gorton, Rob Lovelace emphasizes the importance of a supportive culture, one that celebrates success across market cycles and nurtures talent during both bull and bear markets. This philosophy has positioned Capital Group as a resilient leader in the investment management industry, adept at weathering multiple market cycles and retaining top talent.

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Top Tickers

Some of the most active and relevant securities and quotes (compared to previous day's closing price)

The Fourth Bitcoin Halving Is Coming: What It Means

Seriously, please don't play the game of trying to guess bitcoin's price around the upcoming Bitcoin halvening.

As we edge closer to Bitcoin's fourth halving this April, the crypto community is abuzz with speculation and analysis. The halving always makes a major impact in the supply-demand relationship that determines the top cryptocurrency's value in the market. The halving always makes a major impact in the supply-demand relationship that determines bitcoin's value in the market, and yet, "It's a random walk," Santiago Roel, an investor with Ro Capital told Axios.

Historically, halvings have been precursors to significant price movements, often culminating in new all-time highs. However, with Bitcoin's maturity and increasing institutional adoption, the dynamics may evolve differently this time around. The entry of heavyweights like BlackRock and Fidelity into the Bitcoin space underscores a shift towards broader acceptance and stability.

The bottom line, as Axios put it: Folks who need money soon are better off getting a part-time job than playing the crypto game.

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Great to see yesterday's post from former pro volleyball player Lukas Bauer. I worked with Lukas during his transition from sport to the business world. In his post he looks back on his learnings since the end of his sports career.

You know it: The transition should not be underestimated and preparation is king here too. Elite athletes have skills and personality traits that are of great use in the business world. Getting this onto the road is the big challenge that needs to be overcome. It's not a sure-fire success, but it's not rocket science either. It was a great pleasure working with Lukas and now it's great to see his path after sport.

Have a great Sunday!

Irg

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