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.
One of my first memories (or perhaps the very first one – is it possible…
A few days before the official presentation, details about the new flagship Sony Xperia 1…
Bloomberg journalist Jason Schreier reported on the domino effect triggered by the recent delay of…
Nintendo has updated its user agreement, formalizing the right to remotely disable Switch consoles if…
Gigabyte has unveiled the X870 Aorus Stealth and B850 Aorus Stealth motherboards for Ryzen 7000,…
Alienware, a subsidiary of Dell known for its futuristic gaming laptops, has released new high-performance…