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xAI is raising funds, with investors like Nvidia increasing the scale to $20 billion.
According to Foresight News and Bloomberg reports, sources revealed that Elon Musk's xAI is raising funds beyond the initial plan, with investors including Nvidia increasing the scale to $20 billion, with Nvidia set to invest up to $2 billion in this equity financing. This financing consists of both equity and debt, with funds being injected into a Special Purpose Vehicle (SPV) for the procurement of Nvidia processors to be leased to xAI for its Colossus 2 project.