This is why Elon Musk can't stop. This time, Musk has purchased 100,000 chips for his new artificial intelligence initiative, xAI. Musk announced that he raised $6 billion in funding for xAI, founded last summer. So what will this huge budget be used for? Let's examine this exciting news in detail. Musk has purchased 100,000 Nvidia-brand chips for his artificial intelligence company, xAI. This $6 billion raised will be used to bring xAI's first products to market, create advanced infrastructure, and accelerate research and development of future technologies.

So far, xAI has introduced a chatbot called Grok, developed as a rival to OpenAI's ChatGPT. Grok is currently only available to X Premium subscribers.

This funding round included investment giants such as Andreessen Horowitz, Sequoia Capital and Saudi Arabian Prince Al Waleed bin Talal. Last year, xAI announced it was seeking a capital investment of up to $1 billion. However, a few months ago, The Financial Times reported that xAI was seeking $6 billion, and Musk denied the report at the time.

Now we see that $6 billion has actually been raised. Developing artificial intelligence is not cheap. Nvidia's upcoming Blackwell B200 AI graphics cards cost between $30,000 and $40,000 each. According to a report last week, xAI will need 100,000 of Nvidia's existing H100 chips to power the upgraded version of its AI chatbot, Grok. Musk told investors that they plan to launch the new data center in the fall of 2025.

The race for AI chips, talent and technology has never been more competitive. Big tech giants like Google, Apple, Amazon, Microsoft and Meta spend billions of dollars on artificial intelligence projects.

Microsoft has formed a multi-million dollar partnership with OpenAI. OpenAI CEO Sam Altman is seeking trillions of dollars to revamp the global chip industry. Musk, on the other hand, is suing OpenAI, claiming that it has deviated from its mission to benefit humanity.

What do you think about the impact of this investment in artificial intelligence and the role of xAI in the future of technology? Leave your comments and share your thoughts in the post. I'm Edu, keep learning with me in this fascinating world of technology and cryptocurrencies. Remember, this is not investment advice, I only speak from my point of view. $XAI $AI