xAI's $20B AI Hardware Grab: Musk's Nvidia Gamble
Update: 2025-10-08
Description
Elon Musk's xAI seeks a staggering $20 billion to fuel its AI ambitions, with Nvidia potentially investing $2 billion! This massive funding round, including a novel debt structure backed by Nvidia chips, will power xAI's Colossus Two data center in Memphis. As AI infrastructure spending explodes, xAI races to secure computing power, drawing investments from Musk's other ventures and aiming to lead the charge in self-driving cars and futuristic robots.
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