2 weeks Ago
Leading chipmaker NVIDIA is planning to invest in Elon Musk's AI startup xAI. Last week, it was reported that Grok-developer was planning to raise funds for USD 40 billion for evaluation amid the announcement of the AI supercomputer 'Colossus'. According to reports, Elon Musk's xAI has been discussed with several tech companies and VC firms to raise money, including Andreessen Horowitz, Sequoia Capital, and Vy Capital.
The reports mentioned that Elon Musk would likely raise xAI's valuation to USD 75 billion in January 2025. xAI New Funding Round: After Unveiling ‘Colossus’ AI Supercomputer, Elon Musk’s AI Startup in Talks for New Investment Round To Boost Valuation to USD 40 Billion. 🤖Nvidia in talks with Elon Musk to invest in xAI - WSJ pic.
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