Riding a wave of enthusiasm for the political prospects of Elon Musk, who has an important role in the future administration of Donald Trump, his youngest company continues to rapidly increase its capital. Instead of the mentioned $5 billion in October, xAI recently raised $6 billion by selling its own shares to investors.
Image source: NVIDIA
The number of the latter reached 97, which indicates the high interest of investors in the activities of the xAI startup, which is developing artificial intelligence infrastructure. The minimum contribution that investors made in this funding round corresponds to the amount of $77,593. Taking into account the total amount, xAI’s capitalization should approach $50 billion or even exceed this mark. The May investment round, which raised $6 billion, valued xAI’s capitalization at $24 billion.
A significant portion of the new investment is expected to be used by xAI to finance the construction and equipping of a data center in Memphis, Tennessee, in which Dell, Nvidia and Super Micro are partners. As representatives of the first company explained, in total this data center will have about 1 million graphics processors (GPUs) used to speed up calculations.
This week, Congress held confirmation hearings for new ministers nominated by new US President Donald…
California-based startup Vast Space has announced the completion of the world's first commercial space station,…
In October, Qualcomm introduced the flagship processor Snapdragon 8 Elite, which received two powerful cores…
Samsung has previously announced the development of functions based on Vision AI artificial intelligence that…
OpenAI CEO Sam Altman announced on Platform X on Friday that work on the large…
US scientists have used an innovative method of combining images from two optical telescopes to…