Elon Musk raises $6 billion to buy Nvidia chips

xAI’s funding round could close this week, with $5 billion from funds in the Middle East and $1 billion from other investors. The money will be used to buy 100,000 Nvidia chips for its Colossus data center in Memphis.

In September, Elon Musk wrote in an X post that it took 122 days “from start to finish” to bring the cluster online, seemingly referring to the total project time.

Elon Musk's xAI raises $6 billion to buy Nvidia chips.

Musk founded xAI in July 2023 with the goal of “understanding the nature of the universe.” In November 2023, xAI launched the Grok chatbot after two months of training, competing directly with OpenAI’s ChatGPT, Google’s Bard, and Anthropic’s Claude.

As Donald Trump is elected President of the United States, Musk is actively working with the new administration to approach AI and technology on a larger scale.

During the campaign, Mr. Trump mentioned his plan to repeal President Joe Biden's executive order on AI because it "impedes AI innovation and imposes radical leftist ideas on the development of technology."

Instead, Republicans support AI development from the roots of free speech and human flourishing.

Source: https://kinhtedothi.vn/elon-musk-huy-dong-6-ty-usd-de-mua-chip-nvidia.html