After OpenAI and Meta, Elon Musk’s xAI secures $20 billion funding round with $2 billion from Nvidia — What we know
Elon Musk-owned artificial intelligence (AI) company xAI has secured its $20 billion funding round, with around $2 billion from chipmaker Nvidia Corp, Bloomberg reported on Wednesday, citing sources.
The sources added that the deal, comprising equity and debt, will be tied to the use of Nvidia’s graphics processing units in xAi’s data centre, Colossus 2, located in Memphis.
