xAI Nears $20 Billion Capital Raise Tied to Nvidia
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xAI Nears $20 Billion Capital Raise Tied to Nvidia
Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp. to lift its ongoing funding round to $20 billion, according to people with knowledge of the matter. The financing includes equity and debt in a special purpose vehicle that will buy Nvidia processors and ...
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