Elon Musk’s artificial intelligence startup, xAI, has raised $20 billion in a major funding round led by chipmaking giant Nvidia, solidifying the company’s position as one of the fastest-growing players in the AI sector. The deal combines $7.5 billion in equity and up to $12.5 billion in debt through a special purpose vehicle (SPV) that will allow xAI to acquire and rent Nvidia processors for five years.
OpenAI and Advanced Micro Devices (AMD) have reached a landmark agreement that will see OpenAI using 6 gigawatts to power its artificial intelligence systems.
Nvidia, the world’s most valuable chipmaker, is quietly developing a new artificial intelligence chip for the Chinese market that complies with U.S. export restrictions but remains more advanced than products currently approved for sale.
Nvidia CEO Jensen Huang has announced a major deal to supply 18,000 AI GPUs to Humain, Saudi Arabia’s newly launched state-sponsored artificial intelligence company. The announcement was made during the Saudi-US Investment Forum in Riyadh, coinciding with President Donald Trump’s visit to the kingdom.
AI powerhouse Nvidia and startup Anthropic are publicly clashing over the Biden administration’s upcoming AI chip export restrictions aimed at curbing China’s technological rise. Known as the “AI Diffusion Rule,” the policy—set to take effect May 15—has sparked a heated exchange between the two companies, highlighting growing tensions over national security and AI supremacy.
