xAI raises $20 billion in funding round including Nvidia processors for Memphis data center

hindustantimes.com

Elon Musk's AI startup xAI is raising $20 billion in a funding round that includes Nvidia. The financing involves purchasing Nvidia processors for xAI's Colossus 2 data center in Memphis, with Nvidia investing up to $2 billion. This significant funding highlights the intense competition and investment in AI infrastructure, with other tech giants also securing substantial capital for their AI development.


With a significance score of 4.9, this news ranks in the top 2% of today's 30660 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: