As the artificial intelligence (AI) boom advances, its vast computational power demands are putting the data centers that house the technology on the path of severe, earthbound limitations: skyrocketing energy consumption that strains electric grids, land scarcity in suitable locations, and regulatory hurdles over its environmental and ethical impacts.
Investors who want to invest in Elon Musk's xAI can now do so indirectly with some help from Cathie Wood's ARK Venture Fund (NASDAQ:ARKVX). ARK Venture Fund currently invests in xAI, which is a private artificial intelligence ( AI ) startup created by Elon Musk last year.