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Ai Financing

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Elon Musk's xAI Secures $20 Billion Funding with Nvidia's Support

Originally Published 3 months ago — by MarketWatch

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Source: MarketWatch

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.