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.
Anthropic, the developer of the AI assistant Claude, has unveiled a new tool called Research…
Anthropic, the developer of the AI assistant Claude, has unveiled a new tool called Research…
Vastarmor, AMD's partner in China, has unveiled the Radeon RX 9070 XT graphics card in…
Vastarmor, AMD's partner in China, has unveiled the Radeon RX 9070 XT graphics card in…
Atomic Keyboards has unveiled a limited edition MDR Dasher keyboard inspired by the cult TV…
Colorful has unveiled a total of 15 variants of the GeForce RTX 5060 Ti and…