xAI Raises $20 Billion in Funding Round Backed by Nvidia

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Elon Musk’s artificial intelligence startup xAI is raising $20 billion in one of the industry’s largest funding rounds, with chipmaker Nvidia (Nasdaq: NVDA) investing up to $2 billion, Bloomberg News reported Tuesday. The deal brings together roughly $7.5 billion from equity investors and as much as $12.5 billion in debt financing, according to people familiar […] The post xAI Raises $20 Billion in Funding Round Backed by Nvidia appeared first on the deep dive.

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xAI Raises $20 Billion in Funding Round Backed by Nvidia

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