Musk's xAI nears $20 billion capital raise tied to Nvidia chips, Bloomberg News reports

Core Insights - xAI, founded by Elon Musk, is raising more financing than initially planned, with a total funding round reaching $20 billion [1] Group 1 - The funding round includes an equity investment from Nvidia, indicating strong interest from major tech players [1] - The increase in financing suggests a robust demand for xAI's initiatives and potential growth in the artificial intelligence sector [1]