Summary

Elon Musk’s AI startup, xAI, raised $20 billion in funding from investors including Nvidia, Valor Equity Partners, and the Qatar Investment Authority. The funding will support xAI’s infrastructure buildout, AI product development, and research, with a focus on expanding its data center capacity and leveraging Nvidia processors.

https://www.theedgesingapore.com/news/tech/musks-xai-closed-us20b-funding-nvidia-backing