xAI
3 days ago
xAI Unicorn News - January 09, 2025
Blackstone Inc. has invested $300 million in DDN, a key player in data storage and analysis, marking its first external funding. This strategic move supports DDN's role in powering Elon Musk's xAI supercomputer, emphasizing the importance of data infrastructure in AI advancements.
() Introduction
() Blackstone Invests $300 Million in AI Data Firm Powering Elon Musk's xAI Supercomputer
Blackstone has made a strategic $300 million investment in DDN, a leading AI data storage and management firm, to support the surging demand for advanced AI infrastructure. DDN’s cutting-edge solutions power data-intensive AI applications, including partnerships with xAI for training models like Grok2. This funding underscores the growing significance of robust data systems in scaling AI capabilities and positions DDN to expand its offerings across industries. With Blackstone's backing, DDN is set to play a pivotal role in shaping the future of AI-driven innovation.
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