BlockBeats News, November 15th, according to CNBC reports, Elon Musk’s AI company xAI has raised up to $60 billion in funding at a valuation of $500 billion. Sources say that the funding is expected to be completed early next week, with $50 billion coming from a sovereign wealth fund in the Middle East and $10 billion from other investors, some of whom may wish to participate with additional investments.
According to sources familiar with the matter, this funding will be used to purchase 100,000 NVIDIA (NVDA.O) chips to enhance the Memphis cloud cluster. Tesla’s Full Self-Driving (FSD) is expected to rely on the new Memphis supercomputer.
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<p>The post Musk’s xAI Secures $6 Billion Funding to Purchase 100,000 NVIDIA Chips to Boost Supercomputing Center first appeared on CoinBuzzFeed.</p>