Nvidia to Invest in Musk's xAI

Maria Simulescu

Elon Musk's artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia to lift its ongoing funding round to $20 billion, according to people familiar with the matter. Nvidia is investing as much as $2 billion in the equity portion of the transaction, the people said. Bloomberg's Annabelle Droulers reports. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos

Nvidia to Invest in Musk's xAI Bloomberg Markets and Finance - 08:13
Nvidia to Invest in Musk's xAI Bloomberg Markets and Finance - 08:13

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Nvidia to Invest in Musk's xAI Bloomberg Markets and Finance - 08:13
Nvidia to Invest in Musk's xAI Bloomberg Markets and Finance - 08:13