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Home » Monex Securities Co., Ltd. Started recruiting unicorn funds to invest in artificial intelligence related compa ny “xAI”

Monex Securities Co., Ltd. Started recruiting unicorn funds to invest in artificial intelligence related compa ny “xAI”

Monex Securities Co., Ltd.
Started recruiting unicorn funds to invest in artificial intelligence related company “xAI”
~AI startup company by Elon Musk~
……
Monex Securities Co., Ltd. (Headquarters: Minato-ku, Tokyo, President and Executive Officer: Yuko Kiyoaki, hereinafter “Monex Securities”) will launch the seventh unicorn fund for individuals from Tuesday, July 16, 2024 (scheduled). We would like to inform you that we will start recruiting for the “xAI Fund”.
This is the first time a major online securities company (*1) has solicited a unicorn fund whose final investment target is “xAI” (official name: “X.AI Corp.”).
■Background
Opportunities for individual investors to invest in unlisted companies have generally been limited compared to investments in listed stocks, etc. In order to provide individual investors with the opportunity to invest in overseas unicorn companies, Monex Securities has partnered with HiJoJo Partners Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director and CEO: Spyridon Menzas) to launch the “HiJoJo” service starting September 2021. We handle the “Unicorn Fund” series.
In July 2023, we conducted a private placement fund recruitment for SpaceX, whose CEO is Elon Musk, and it gained popularity, achieving the target amount on the first day of recruitment and reaching a total of 862 million yen. did.
The final investment target for the 7th round of funds is xAI, an artificial intelligence-related company that conducts AI-related businesses such as artificial intelligence (AI) research and conversational AI development, and is also CEOed by Elon Musk. We will begin recruiting for the unicorn fund “xAI Fund”.
Additionally, since this fund is a privately placed fund (*2) that falls under the category of binary securities, Monex Securities will set purchase initiation criteria that are compatible with the nature of the product, and plans to sell only to customers who meet the criteria.
■Summary
“xAI Fund” is a fund of funds that invests in funds whose final investment target is “xAI”, and the direct investment target fund is selected from among multiple investment candidates.
The final investment target, “xAI,” is a US company that engages in AI-related businesses that are expected to have high market growth rates, such as artificial intelligence (AI) research and
conversational AI development.
[Image 1: https://prtimes.jp/i/5159/498/resize/d5159-498-24c55bb3fb751f56748a-1.png&s3=5159-498-2fd5f9017ab03b73d53e37a0f4f42d0f-1962×2131.png ]
■About X.AI Corp. (xAI)
[Image 2: https://prtimes.jp/i/5159/498/resize/d5159-498-7f7d9a399eaf09ae299e-2.jpg&s3=5159-498-4fc184c66793599fdfb9f5e8518fc611-855×226.jpg] *1 According to research by Monex Securities as of July 11, 2024. Major online securities companies are au Kabucom Securities, SBI Securities, Matsui Securities,
  Refers to Rakuten Securities and Monex Securities.
*2 It is a collective investment scheme interest based on a silent partnership contract and is a type of deemed security.
For details, please see the Monex Securities website
(https://info.monex.co.jp/news/2024/20240711_01.html).
that’s all
[Important matters regarding transactions with Monex Securities] Products handled by Monex Securities may incur loss of principal or loss in excess of principal due to price fluctuations, etc.
Before investing, please read the documents and prospectus carefully before signing the contract.
[About Monex Securities Co., Ltd.]
Financial Instruments Business Operator Kanto Local Finance Bureau (Kinsho) No. 165
Member associations: Japan Securities Dealers Association, Type 2 Financial Instruments Business Association, General Incorporated Association
     Financial Futures Association, General Incorporated Association, Japan Crypto Asset Exchange Association, General Incorporated Association,
     Japan Investment Advisors Association
More details about this release:
https://prtimes.jp/main/html/rd/p/000000498.000005159.html