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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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Summary
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75% Informative

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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67

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formal

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English

Language complexity

41

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short-lived

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