xAI's $20 Billion AI Bet: Boom or Bust?
Update: 2025-10-08
Description
Elon Musk's xAI doubles its funding round to $20 billion in a race to dominate AI. Instead of buying chips, xAI rents them through a special vehicle, backed by Nvidia, Apollo, and others, to build its Colossus Two data center. Is this the most expensive corporate battle of the century, or is it all just hype?
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