xAI
November 5, 2024
xAI Unicorn News - November 05, 2024
Nvidia is reportedly in talks to make a strategic investment in Elon Musk's AI startup, xAI, as the company plans a new funding round targeting a $75 billion valuation. xAI is also expanding its AI data center and doubling its capacity.
() Introduction
() Elon Musk's xAI Attracts Potential Nvidia Investment Amidst Expansion
Nvidia is reportedly in talks with Elon Musk regarding a potential investment in his artificial intelligence startup, xAI. This development, reported by the New York Post, suggests that Nvidia is considering a strategic investment as xAI prepares for a new funding round in January 2025, with a target valuation of $75 billion. xAI is currently focused on expanding its AI data center, with plans to double its capacity. As part of this expansion, xAI intends to acquire 100,000 H100 chips from Nvidia and is set to receive 300,000 of Nvidia's next-generation B200 chips. Nvidia's CEO, Jensen Huang, has lauded the rapid installation of these chips at xAI, describing it as a superhuman achievement. This potential collaboration underscores the significant investments and partnerships forming in the AI sector, highlighting the strategic moves by major tech companies to advance AI technologies.
Sources
1 https://biztoc.com/x/fab947af9a7a3486
2 https://www.nextbigfuture.com/2024/11/nvidia-might-invest-in-xai-at-a-75-billion-valuation.html
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