Elon Musk’s xAI Plans $20 Billion Raise Backed by Nvidia for AI Project: The Pulse 10/08

Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia 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 t...

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