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Elon Musk Pledges To Spend Around $9 Billion To Acquire 300,000 Units Of NVIDIA’s B200 Chips For xAI By “Next Summer”


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Elon Musk Pledges To Spend Around $9 Billion To Acquire 300,000 Units Of NVIDIA’s B200 Chips For xAI By “Next Summer”
Rohail Saleem
•
Jun 2, 2024 10:54 PM EDT

Just after securing an $18 billion valuation in a new funding round, xAI is gearing up to spend at least 50 percent of its net worth on NVIDIA's GPUs, as per Elon Musk's latest comments.

For the benefit of those who might not be aware, xAI recently raised $6 billion in a new funding round that valued Elon Musk's AI-focused enterprise at $18 billion. While the chatbot Grok is xAI's only product at the moment, the startup intends to significantly expand its AI-related product portfolio by ramping up its investments in GPU clusters.

https://wccftech.com/elon-musk-pledges-to-spend-around-9-billion-to-acquire-300000-units-of-nvidia-b200-chips-for-xai-by-next-summer/