Live, rolling coverage of business, economics and financial markets as X.AI reveals it has already raised $135m
Elon Musk’s artificial intelligence startup, X.AI, wants to raise $1bn from investors as it tries to match other companies in the booming sector, according to a filing with regulators.
The company has raised $135m in equity financing from four investors already, according to the filing with the US Securities and Exchange Commission.
While no decision has been taken, the executive board is therefore currently considering including the UK-delisting resolution on the agenda for the AGM on 13 February 2024. Under the UK listing rules, the UK-delisting will require shareholder approval of a delisting resolution with at least a 75% majority of the votes cast.
9:30am GMT: UK S&P Global/CIPS construction purchasing managers’ index (PMI) (November; previous: 45.6 points; consensus: 46.3)
10am GMT: Eurozone retail sales (October; prev.: -0.3% month-on-month; cons.: 0.2%)
10:30am GMT: Bank of England to publish financial stability report
11am GMT: Bank of England governor Andrew Bailey speech
Continue reading…Live, rolling coverage of business, economics and financial markets as X.AI reveals it has already raised $135mElon Musk’s artificial intelligence startup, X.AI, wants to raise $1bn from investors as it tries to match other companies in the booming sector, according to a filing with regulators.The company has raised $135m in equity financing from four investors already, according to the filing with the US Securities and Exchange Commission.While no decision has been taken, the executive board is therefore currently considering including the UK-delisting resolution on the agenda for the AGM on 13 February 2024. Under the UK listing rules, the UK-delisting will require shareholder approval of a delisting resolution with at least a 75% majority of the votes cast.9:30am GMT: UK S&P Global/CIPS construction purchasing managers’ index (PMI) (November; previous: 45.6 points; consensus: 46.3)10am GMT: Eurozone retail sales (October; prev.: -0.3% month-on-month; cons.: 0.2%)10:30am GMT: Bank of England to publish financial stability report11am GMT: Bank of England governor Andrew Bailey speech Continue reading…
