Nvidia to invest in Musk’s xAI chips as part of $20bn deal: Report
Elon Musk's xAI is raising more financing than initially planned, including an equity investment from Nvidia to raise its ongoing funding round to $20 billion, Bloomberg reported. Nvidia is investing as much as $2 billion in the equity portion of deal. The financing will be tied to Nvidia graphics processing units that xAI plans to use in its data centre.