Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

NVIDIA May Invest in xAI—Elon Musk’s AI Company Could Hit $40 Billion

theguru Views  

NVIDIA is exploring a potential investment in xAI, the artificial intelligence company founded by Tesla CEO Elon Musk.

According to the New York Post, Musk’s investment in xAI is ongoing. However, NVIDIA has not confirmed these discussions. An anonymous NVIDIA analyst revealed that even if NVIDIA invests in xAI, it will continue supplying semiconductors to competitors, stating, “The deal could not proceed otherwise.”

Musk launched xAI in July 2023 and debuted with an AI chatbot called Grok. The chatbot operates on X (formerly Twitter), Musk’s social media platform. In August of this year, xAI expanded Grok’s capabilities to include image generation.

Currently, xAI seeks to raise billions in funding and is in discussions with potential investors. Reportedly, xAI is valued at $40 billion. This fundraising effort comes just five months after xAI’s last successful round, where it secured $6 billion. That round attracted high-profile investors, including Silicon Valley venture capital heavyweights Andreessen Horowitz and Sequoia Capital, Fidelity Management & Research, and Saudi Prince Alwaleed bin Talal.

xAI claims to be building the world’s largest supercomputer in Memphis, Tennessee and intends to train a new version of Grok. The company leverages data from X for this training. Musk recently announced plans to double the number of graphics processing units (GPUs) at the Memphis facility from 100,000 to 200,000. xAI relies on NVIDIA’s cutting-edge chips, which are at the forefront of AI technology.

NVIDIA CEO Jensen Huang recently praised the xAI Memphis data center, calling it the fastest supercomputer on Earth.

theguru
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible
  • Toyota’s bZ3X SUV Surges with 10,000 Pre-Orders: A New Era in EVs

You May Also Like

  • 1
    Why Some People Gain Weight on Salads—and Others Don’t

    LIFESTYLE 

  • 2
    This Vitamin Could Help You Fight Fatigue, Infections, and More

    LIFESTYLE 

  • 3
    Olive Oil on an Empty Stomach – Hype or Health Miracle?

    LIFESTYLE 

  • 4
    Why Guava Is a Must-Have for Anyone Watching Their Blood Sugar

    LIFESTYLE 

  • 5
    Parkinson's Puzzle: Study Explains How PINK1 Gene Fights Cell Damage

    LIFESTYLE 

Popular Now

  • 1
    Feeling Drained No Matter How Much You Sleep? Here’s Why

    LIFESTYLE 

  • 2
    Hope for Alzheimer’s? Anti-Amyloid Treatments Linked to 50% Lower Risk

    LIFESTYLE 

  • 3
    Can Eating Only Boiled Eggs Really Help You Lose Weight?

    LIFESTYLE 

  • 4
    New Study: Daytime Drowsiness Could Raise Dementia Risk by 100%

    LIFESTYLE 

  • 5
    Avoid Jet Lag and Swollen Legs — 5 In-Flight Health Hacks You Need

    LIFESTYLE 

Must-Reads

  • 1
    Why Some People Gain Weight on Salads—and Others Don’t

    LIFESTYLE 

  • 2
    This Vitamin Could Help You Fight Fatigue, Infections, and More

    LIFESTYLE 

  • 3
    Olive Oil on an Empty Stomach – Hype or Health Miracle?

    LIFESTYLE 

  • 4
    Why Guava Is a Must-Have for Anyone Watching Their Blood Sugar

    LIFESTYLE 

  • 5
    Parkinson's Puzzle: Study Explains How PINK1 Gene Fights Cell Damage

    LIFESTYLE 

Popular Now

  • 1
    Feeling Drained No Matter How Much You Sleep? Here’s Why

    LIFESTYLE 

  • 2
    Hope for Alzheimer’s? Anti-Amyloid Treatments Linked to 50% Lower Risk

    LIFESTYLE 

  • 3
    Can Eating Only Boiled Eggs Really Help You Lose Weight?

    LIFESTYLE 

  • 4
    New Study: Daytime Drowsiness Could Raise Dementia Risk by 100%

    LIFESTYLE 

  • 5
    Avoid Jet Lag and Swollen Legs — 5 In-Flight Health Hacks You Need

    LIFESTYLE 

Share it on...