Funding is based on a $50 billion valuation for xAI
Elon Musk knows that staying competitive in the AI space requires deep pockets – back in February 2024, the world’s richest man said Tesla would spend “over a billion dollars” on Nvidia’s H100 and AMD’s Instinct MI300 hardware, adding, “The table stakes for being competitive in AI are at least several billion dollars per year at this point.”
More recently, the controversial billionaire gave us a tour inside the massive AI […]
Elon Musk raises $6 billion for xAI's Memphis data center – TechRadar
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