Elon Musk's xAI startup is reportedly in talks for another investment round that would increase the company's value at USD 40 billion. The previous round valued xAI to USD 24 billion. This comes after, tech billionaire's artificial intelligence startup built world's largest AI supercomputer called "Colossus" with NVIDIA to train its AI chatbot Grok. The Colossus AI supercomputer featured 1,00,000 NVIDIA Hopper GPUs which is said to double to become 2,00,000 increasing the efficiency. With the latest funding round, the startup will raise several billion dollars and increase its valuation, according to a report by Wall Street Journal (WSJ). Elon Musk’s xAI Builds World’s Largest AI Supercomputer ‘Colossus’ With NVIDIA in 122 Days Featuring 100,000 NVIDIA Hopper GPUs, Will Use It To Train Grok AI Chabot
xAI in Talks To Raise USD 40 Billion in Latest Funding Round
REPORT: xAI is in talks for another investment round that would value the company at $40 billion, according to a report by WSJ.
The prior round earlier this year valued xAI at $24 billion.
However, the talks with investors are understood to be in early stages. pic.twitter.com/vC82MHDbwB
— X Daily News (@xDaily) October 29, 2024
(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)