Investors including Nvidia back Musk's xAI in $20B funding round: report

A group of investors including Nvidia are backing Elon Musk’s xAI in an ongoing funding round that has racked up $20 billion thus far, according to a report.The financing round includes debt and equity in a special purpose vehicle that will buy Nvidia chips and rent them to xAI, people with knowledge of the matter told Bloomberg.Musk’s AI firm will then use the processors for its Colossus 2 project – its massive Memphis data center, the report said. 3 A group of investors including Nvidia are backing Elon ...