The financing includes equity and debt in a special purpose vehicle that will buy Nvidia processors and rent them to xAI for use in its Colossus 2 project, said the people, who asked not to be identified because the information is private. That’s the name of its largest data center site, which is located in Memphis.
WATCH: Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned. Source: Bloomberg
Nvidia is investing as ...
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