The massive financing round, split between equity and debt, aims to power Musk’s Colossus 2 data center project and accelerate xAI’s race in next-generation artificial intelligence. Elon Musk’s artificial intelligence venture, xAI, has raised an astonishing $20 billion in an ongoing funding round backed by a powerhouse roster of investors — including Nvidia, Apollo Global Management, and Valor Capital — according to a Bloomberg report. The financing package, one of the largest AI-related raises to date, combines equity and debt through a special purpose vehicle (SPV) designed to purchase Nvidia’s high-performance chips and lease them back to xAI. The chips … Continue reading Nvidia and Top Investors Back Elon Musk’s xAI in $20 Billion Funding Push