Elon Musk’s xAI Plans $6 Billion Funding to Acquire 100,000 Nvidia Chips for Memphis Data Center

November 16, 2024

Elon Musk’s xAI, the artificial intelligence company aiming to revolutionize AI development, is reportedly raising up to $6 billion in funding to purchase 100,000 Nvidia chips. These chips are destined for a Memphis-based data center that will support xAI’s ambitious AI projects.

The massive investment underscores the growing demand for Nvidia’s cutting-edge GPUs, which are essential for training and running advanced AI models. The Memphis data center will serve as a hub for xAI’s groundbreaking research, leveraging high-performance computing to develop next-generation AI technologies.

This move highlights the intensifying race in the AI industry, where access to top-tier hardware and infrastructure is key to staying ahead. Musk’s vision for xAI positions it as a major player in the AI arms race, signaling bold advancements on the horizon.

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