CNBC Daily Open: Musk's artificial intelligence start-up raises $6 billion

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CNBC Daily Open: Musk's artificial intelligence start-up raises $6 billion
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Elon Musk's artificial intelligence startup, xAI, secured $6 billion in Series B funding, valuing the company at $24 billion.

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.This report is from today's

Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeWall Street was closed for Memorial Day on Monday, so here's a recap of what happened on Friday. The. Nvidia's stock rose 2.6% on Friday, contributing to a 15% surge for the week, while the Nasdaq led major indexes with a 1.41% weekly gain. Thesent the company's stock soaring to a record high.

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