Elon Musk's xAI Raises $6B
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•Elon Musk's xAI raising up to $6 billion to purchase 100,000 Nvidia chips for Memphis data center
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Elon Musk's artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, CNBC 's David Faber reports.
The money will likely be used to acquire 100,000 Nvidia chips, sources say.
Musk 's AI startup, which he announced in July 2023 , seeks to "understand the true nature of the universe".
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