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15 Nov, 2024

xAI raising $6bn to buy 100k Nvidia chips

NvidiaxAIFundraising0 Comments

Sources say xAI is raising up to $6 billion – $5 billion expected from sovereign funds in the Middle East and $1 billion from other investors – at a $50 billion valuation. The money will be used to acquire 100,000 Nvidia chips. Tesla’s Full Self Driving is expected to rely on the Memphis supercomputer.

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