Elon Musk's xAI Secures $6 Billion in Funding for AI Expansion
Elon Musk's xAI has secured $6 billion in funding, attracting major investors like Andreessen Horowitz, Sequoia Capital, and Saudi Arabian Prince Al Waleed bin Talal. The funding will be used to develop xAI’s first products, enhance infrastructure, and push forward research. xAI plans to purchase 100,000 Nvidia H100 chips, with a new data center slated for a 2025 launch. This move highlights the escalating competition in the AI sector, with giants like Google, Apple, Amazon, Microsoft, and Meta also heavily investing in AI technologies. Musk aims to position xAI as a major player, challenging competitors like OpenAI.
