Nvidia to invest in Elon Musk’s xAI as part of $20 billion fundraising: Report

Nvidia to invest in Elon Musk’s xAI as part of $20 billion fundraising: Report

Elon Musk-backed artificial intelligence (AI) company xAI is working on a major fundraising push that could bring in about $20 million– including an equity investment from Nvidia, reports Bloomberg citing people familiar with the matter. Musk launched xAI in 2023 with the goal of building more transparent AI systems that are aligned with human interests….

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