Nvidia to Finance Musk’s xAI Chips as Part of $20 Billion Deal

Nvidia, the prominent chipmaker, has agreed to finance Elon Musk's artificial intelligence startup, xAI, as part of a $20 billion funding round. The initial funding round was set to be smaller, but it has now been expanded to $20 billion, with Nvidia being one of the backers. The details of the agreement between Nvidia and xAI are not yet publicly disclosed, but the partnership is seen as a strategic move to bolster Musk's AI ambitions. Nvidia, known for its powerful graphics processing units (GPUs), has been a key player in the AI industry, providing hardware and software solutions for various AI applications. The increased funding round highlights the growing interest and investment in the AI sector, as companies seek to capitalize on the advancements and potential of this technology. The collaboration between Nvidia and xAI is expected to contribute to the development and deployment of innovative AI solutions in the future.