ALBAWABA – xAI, the American artificial intelligence startup founded by Elon Musk, announced plans to raise $6 million to acquire 100,000 Nvidia chips.
xAI plans to purchase 100,000 Nvidia chips
Elon Musk’s xAI announced a $6 million fundraising to purchase about 100,000 Nvidia chips, according to CNBC.
$5 billion will be raised from sovereign wealth funds in the Middle East, and $1 billion will come from other investors, according to sources.
Tesla ’s Full Self Driving
xAI plans to acquire 100,000 Nvidia chips to power the Memphis supercomputer, which will support Tesla's Full Self Driving system (FSD), which is designed to use this input, rapidly process neural networks, and make decisions to safely guide drivers to their destinations.
Musk develops AI following Trump’s win
It is worth noting that xAI launched Grok, a generative artificial intelligence chatbot that competes with ChatGPT, last year.
Experts anticipate that Musk's developments during Trump's presidency will be influenced by the latter's support for artificial intelligence (AI) and Musk's projects and initiatives.
xAI plans to acquire 100,000 Nvidia chips to power the Memphis supercomputer, which will support Tesla's Full Self Driving system (FSD). (Shutterstock)
President-elect Trump previously promised to reverse Biden’s executive orders on artificial intelligence and cybersecurity. Analysts are expecting significant AI investments during Trump’s presidency.
"We will repeal Joe Biden's dangerous Executive Order that hinders AI Innovation, and imposes Radical Leftwing ideas on the development of this technology. In its place, Republicans support AI Development rooted in Free Speech and Human Flourishing,” according to Trump’s GOP platform.
