🆘Breaking News: Elon Musk's xAI has officially completed a Series C funding round of $6 billion.
In addition to major venture capital firms, Nvidia also participated in this funding round. This is very significant for $NVDA.
If xAI continues to build better models, they will be rewarded, as they will continue to purchase more GPUs.
If xAI becomes one of the largest foundational models and competes fiercely with GPT, Gemini, and Claude, they will likely have to keep purchasing the latest GPUs to remain competitive.
Musk secures funding, $NVDA keeps xAI alive, xAI buys GPUs, $NVDA generates more revenue.
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