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- Elon Musk's xAI reportedly closed a $5 billion funding round last month at a $50 billion valuation.
- A Fidelity fund has boosted the value of its shares in xAI by 70%, according to filings.
- The fund also boosted the value of its shares in Musk-owned social media platform X by 32.4%.
Fidelity increased the value of its shares in two Elon Musk-owned companies


