Elon Musk's ChatGPT rival xAI raises $20 billion in funding; investors include Nvidia which has promised up to $100 billion to Sam Altman's OpenAI
Elon Musk's xAI has secured a massive $20 billion funding round, reportedly with Nvidia as an investor, despite Nvidia's existing $100 billion partnership with rival OpenAI. This significant capital infusion, valuing xAI at $230 billion, will fuel data center expansion and Grok AI model development. However, xAI faces regulatory scrutiny over Grok's content and environmental concerns regarding its data centers.
Elon Musk's xAI has secured a massive $20 billion funding round, reportedly with Nvidia as an investor, despite Nvidia's existing $100 billion partnership with rival OpenAI. This significant capital infusion, valuing xAI at $230 billion, will fuel data center expansion and Grok AI model development. However, xAI faces regulatory scrutiny over Grok's content and environmental concerns regarding its data centers.
