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

OpenAI competitor xAI will raise up to $6 billion to buy about 100,000 Nvidia chips.

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

Startup xAI của Elon Musk huy động 6 tỷ USD để mua chip Nvidia

xAI built the Colossus supercomputer from a cluster of 100,000 Nvidia H100 GPUs. In September, Elon Musk wrote in an X post that it took 122 days “from start to finish” to bring the cluster online, likely referring to the total project time.

The goal of xAI – a startup founded by Elon Musk in July 2023 – is to “understand 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.

When Mr. Trump was elected President of the United States, Musk was proactively working with the new administration to approach AI and technology on a larger scale.

During his campaign, Mr. Trump mentioned his plan to repeal President Joe Biden's executive order on artificial intelligence (AI) because it "hinders AI innovation and imposes radical left-wing ideas on the development of technology."

Instead, Republicans have supported AI development from the standpoint of free speech and human flourishing.

Source