Reported 1 day ago
Nvidia is set to invest up to $2 billion in Elon Musk's AI startup xAI, contributing to a massive $20 billion funding round that includes equity and debt. This investment will support xAI's use of Nvidia's GPUs in its Colossus 2 data center, as the company seeks to raise additional funds beyond its earlier targets. The ongoing investment trends in the AI sector highlight significant corporate commitments to infrastructure for developing advanced AI models.
Source: YAHOO