15 Nov, 2024
xAI raising $6bn to buy 100k Nvidia chips
NvidiaFundraising0 Comments
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Mark Devlin
Mark Devlin2024-11-17 19:12:512024-11-17 19:12:51xAI raising $6bn to buy 100k Nvidia chipsSources 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.
31 Oct, 2024
Musk seeks £5bn xAI funding at $45bn valuation
Elon MuskSequoia CapitalFundraising0 Comments
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Mark Devlin
Mark Devlin2024-11-05 01:54:432024-11-05 01:56:49Musk seeks £5bn xAI funding at $45bn valuation
Musk’s xAI is in early talks with new and existing investors for fresh capital to compete with OpenAI and other AI competitors. Musk has reportedly approached investors in Qatar and Saudi Arabia, with a potential valuation of $45bn, as well as existing investors inclusing Sequoia Capital and Valor Equity Partners, which is expected to lead the round.