Elon Musk's xAI reportedly plans to raise up to USD 20 billion in new funding. As per a report of Bloomberg, the artificial intelligence (AI) startup xAI is increasing its financing round beyond earlier targets, reaching out to investors like Nvidia Corp. to raise the round to USD 20 billion. Nvidia is expected to take an equity stake of up to USD 2 billion in xAI. The funding consists of equity and debt arranged through a special purpose vehicle, which will purchase Nvidia processors and lease them to xAI for its Colossus 2 project. Jony Ive Reveals His Team Having 20 Design Ideas for Upcoming OpenAI Devices, Criticises Products He Designed in Past.

Nvidia To Invest in Elon Musk’s xAl as Part of USD 20 Billion Funding

TruLY Score by LatestLY
Rating:3

TruLY Score 3 – Believable; Needs Further Research | On a Trust Scale of 0-5 this article has scored 3 on LatestLY, this article appears believable but may need additional verification. It is based on reporting from news websites or verified journalists (Bloomberg), but lacks supporting official confirmation. Readers are advised to treat the information as credible but continue to follow up for updates or confirmations

(SocialLY brings you all the latest breaking news, fact checks and information from social media world, including Twitter (X), Instagram and Youtube. The above post contains publicly available embedded media, directly from the user's social media account and the views appearing in the social media post do not reflect the opinions of LatestLY.)