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Elon Musk's xAI raising up to $6 billion to purchase 100,000 Nvidia chips for Memphis data center
Elon Musk's artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC's David Faber.
Elon Musk's AI start-up xAI looks to raise $1 billion, filing shows
Elon Musk's artificial intelligence start-up xAI is seeking to raise as much as $1 billion, a Securities and Exchange Commission filing from this week shows.
Elon Musk's massive AI data center gets unlocked — xAI gets approved for 150MW of power, enabling all 100,000 GPUs to run concurrently
The Tennessee Valley Authority approved xAI's request for 150MW to power its AI supercomputer used for training Grok.
Elon Musk raising up to $6 billion to buy technology for Memphis data center
Elon Musk is purchasing thousands of chips for his artificial intelligence company in Memphis. Musk is raising up to $6 billion to buy 100,000 Nvidia chips for the Memphis data center, according to CNBC’s David Faber.
2d
SoftBank is Nvidia's first Blackwell chips customer. Here's what they're going to be used for.
The collaboration comes amid skyrocketing demand for Nvidia chips, as companies scramble to secure supplies.
Hosted on MSN
2d
SoftBank first to receive new Nvidia chips for supercomputer
TOKYO (Reuters) -SoftBank's Japanese telecoms unit will receive the first
chips
using
Nvidia
's latest Blackwell design ...
7h
This Is the Biggest Threat to Nvidia's Artificial Intelligence (AI) Dominance That Virtually No One Is Talking About
Nvidia's operating expansion has been textbook, which includes a monopoly-like share of the graphics processing units (GPUs) ...
3h
Trump May Be Good For Nvidia, But I'm Selling Before The Q3 Earnings
Nvidia Corporation's Q3 results are eagerly awaited, with the stock at all-time highs amid AI enthusiasm, but Trump's ...
GlobalData on MSN
22h
SoftBank unit to build supercomputer with Nvidia Blackwell chips
At the Nvidia AI Summit in Japan, founder and CEO Jensen Huang announced that SoftBank Corp will be the first to receive ...
6h
Will Nvidia Be a $5 Trillion Stock by 2028?
Nvidia finished fiscal 2024 with $1.19 per share in earnings. The following chart shows us that its bottom line could hit $4.84 per share by fiscal 2027, translating into a compound annual growth rate ...
8h
From hours to seconds: A short demo on parallel computing shows why Nvidia is the world's most valuable company
Parallel computing is the fundamental concept that, along with advanced semiconductors, has ushered in the generative AI boom ...
19h
on MSN
Sweeping layoff by Nvidia rival AMD includes dozens at Bay Area headquarters
Advanced Micro Devices, or AMD, is laying off 4% of the company in a slash that will hit at least 129 Bay Area workers. The ...
2d
on MSN
SoftBank Plans First Supercomputer With Nvidia Blackwell Chips
SoftBank Group Corp. will be the first to build a supercomputer with chips using Nvidia Corp.’s new Blackwell design, a ...
Ars Technica
3d
Amazon ready to use its own AI chips, reduce its dependence on Nvidia
Amazon is poised to roll out its newest artificial intelligence
chips
as the Big Tech group seeks returns on its ...
46m
Stocks to watch next week: Nvidia, Walmart, Imperial Brands, JD Sports and Royal Mail
The demand for Nvidia's chips amid the AI boom has continued to propel its shares higher, with the stock up 196% year-to-date ...
Tech Goondu
4h
SoftBank, Nvidia join Japan tech giants and universities to drive AI leadership
In a move to advance Japan’s AI capabilities, SoftBank is building the country’s most powerful AI supercomputer with Nvidia ...
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