Investors are deciding within 15 minutes whether to shovel millions into A.I. start-ups and taking entrepreneurs weight lifting and rock climbing to get deals done.
Colin Roberts, left, and Vivek Nair, the founders of Multifactor, an A.I. start-up, fielded interest from more than 250 investors and raised more money than planned.
Mr. Musk’s xAI will work with the Saudi artificial intelligence company Humain on a new data center, part of Crown Prince Mohammed bin Salman’s effort to diversify his kingdom’s economy.
Elon Musk and Crown Prince Mohammed bin Salman of Saudi Arabia in Washington on Wednesday. The deal between xAI and the Saudi-backed company Humain is set to be xAI’s biggest data center outside the United States.
Mr. Musk’s supporters say he may quit if shareholders don’t approve a trillion-dollar package. Some investors say it’s excessive and would give him too much sway.
The kingdom is pouring money into data centers and working with U.S. and Chinese tech giants, landing its A.I. ambitions in the middle of a geopolitical tussle for tech power.
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