Nvidia Reportedly Investing up to US$2 Billion in Elon Musk's xAI Amid Broader AI Infrastructure Expansion

Elon Musk's xAI upsizes funding round to get $20B, anchored by Nvidia

Elon Musk's artificial intelligence startup, xAI (X.AI) has been reportedly raising more financing than initially planned, aiming to bring its ongoing funding round to a massive $20 billion, Bloomberg News reported on Tuesday, citing inform

Elon Musk’s xAI Nears $20 Billion Capital Raise with Nvidia Investment

Elon Musk launched xAI in July 2023 as a competitor to OpenAI, aiming to develop artificial intelligence aligned with Musk’s vision of “truth-seeking AI.” The company powers Grok, the chatbot integrated into Musk’s social media platform X (formerly Twitter).Earlier this year, Musk denied reports that xAI was raising $10 billion at a $200 billion valuation […] The post Elon Musk’s xAI Nears $20 Billion Capital Raise with Nvidia Investment appeare…

Nvidia to invest in Musk’s xAI as part of US$20 billion funding

Nvidia is investing as much as US$2 billion in the equity portion of the deal, sources say.

Nvidia reportedly investing up to US$2 billion in Elon Musk's xAI amid broader AI infrastructure expansion

Elon Musk's artificial intelligence (AI) startup, xAI, is reportedly seeking to raise up to US$20 billion in a new funding round that includes an equity investment from Nvidia, according to .

Nvidia to invest in Musk’s xAI as part of $20 billion funding

XAI’s financing would be split between about $7.5 billion of equity and as much as $12.5 billion of debt, the people said, and structured via a special purpose vehicle.

Nvidia to Finance Musk’s xAI Chips as Part of $20 Billion Deal