Reported 1 day ago
Elon Musk's AI startup, xAI, is reportedly raising $20 billion in funding, exceeding initial goals, with Nvidia contributing up to $2 billion in equity. The financing includes both equity and debt, structured to fund Nvidia processors for xAI's data center, Colossus 2. Despite earlier claims of a smaller capital raise, Musk affirms that xAI will continue to seek funding in the future.
Source: YAHOO