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<p><em><strong>On Monday, Elon Musk, CEO of Tesla and SpaceX, acknowledged that the latest prediction made by venture capitalists who previously favored cryptocurrency and then shifted focus to artificial intelligence might be accurate.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Binance-labs.png?fit&#61;850%2C480&amp;ssl&#61;1" /></p><p>A user named Daniel on the platform X (formerly Twitter) shared a meme suggesting a trend among venture capitalists who have transitioned from supporting cryptocurrency to artificial intelligence, and now hardware and manufacturing. The meme humorously depicted their tendency to support the latest trend. Musk responded, indicating agreement by saying, “they’re right” this time.</p><h3 id="elon-musk-s-investment-philosophy-and-track-record">Elon Musk’s Investment Philosophy and Track Record</h3><p>In a Spaces conversation with <a href="https://cryptosheadlines.com/coinbase-coin-on-cathie-woods-ark-invest-radar/" rel="noopener noreferrer nofollow">ARK Investment Management CEO Cathie Wood</a>, Elon Musk shared his philosophy on investors’ role in business, stating that each investor added is an ally. He emphasized the importance of having more allies, reflecting his inclusive approach to investment.</p><p>Musk’s diverse portfolio <a href="https://cryptosheadlines.com/us-proposed-crypto-tax-includes-nfts-and-foreign-companies-draft-reveals/" rel="noopener noreferrer nofollow">includes companies</a> like The Boring Co., Neuralink Corp., X (formerly Twitter), and xAI Corp. He has boasted about never causing financial losses to investors across all his companies and financing rounds, spanning more than 100.</p><p>In August 2023, Musk-backed Neuralink received a significant funding boost of $280 million from Peter Thiel’s Founders Fund. Thiel’s venture capital <a href="https://cryptosheadlines.com/25-of-investment-firms-appoint-senior-execs-for-digital-assets-report/" rel="noopener noreferrer nofollow">firm has also invested</a> in other companies associated with Musk, such as SpaceX and The Boring Company.</p><p><a href="https://cryptosheadlines.com/elon-musks-twitter-and-mississippi-license-doge-adoption/" rel="noopener noreferrer nofollow">Musk led a high-profile buyout of Twitter</a>, attracting a group of 19 investors including Andreessen-Horowitz VC fund, Oracle founder Larry Ellison, Sequoia Capital, and Ron Baron. However, a year after the acquisition, investors reportedly experienced a decline in their stakes, amounting to approximately $4.6 billion, indicating a challenging outcome from the investment.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Binance-labs.png?fit&#61;850%2C480&amp;ssl&#61;1" /></p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Elon Musk Endorses VC Bullishness on Crypto to AI

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