Elon Musk's xAI Secures $20 Billion Funding with Nvidia's Support
TL;DR Summary
Elon Musk's xAI is planning a $20 billion fundraising deal involving Nvidia, which may include equity investment and a unique financing structure where Nvidia's chips are purchased through a special-purpose vehicle and rented to xAI, highlighting innovative financing strategies in the AI industry.
- Elon Musk’s xAI may be the next AI company to do a creative financing deal involving Nvidia MarketWatch
- xAI to Raise $20 Billion After Nvidia and Others Boost Round Yahoo Finance
- Nvidia Stock Rises on Report It’s Investing in Elon Musk’s xAI Barron's
- Elon Musk Gambles Billions in Memphis to Catch Up on AI The Wall Street Journal
- Investors including Nvidia back Musk’s xAI in $20B funding round: report New York Post
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