SMRTR AINov 3, 2024PYMNTS

Nvidia Reportedly Weighing Investment in Musk’s xAI

SMRTR summary

Elon Musk's xAI is seeking billions in funding, with Nvidia reportedly interested. The company targets a $40-75 billion valuation, with a major funding round expected in January. xAI previously raised $6 billion, reaching an $18 billion valuation. The company recently unveiled its Colossus 100k H100 training cluster, claimed to be the world's most powerful AI training system. This could attract major investors and advance AI technology capabilities.

SMRTR provides this summary for quick context. The original article belongs to PYMNTS.

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