Tuesday, 31 March, 2026
Nvidia To Invest Up to $2B in Musk’s xAI Amid $20B Fundraising Round
By Isha
Elon Musk’s AI company, xAI, is reportedly raising $20 billion in a funding round combining equity and debt. As part of the deal, Nvidia plans to invest up to $2 billion in equity and secure chip supply. The financing is tied to acquiring Nvidia GPUs for xAI’s upcoming Colossus 2 supercomputing cluster. This move deepens alignment between AI model makers and chip manufacturers.
Read full story at Economic Times