Musk's xAI to raise up to $12 billion in debt for AI expansion: Report
Valor Equity Partners, an investment firm whose founder, Antonio Gracias, has close ties to Musk, is in talks with lenders to raise the capital, according to the report. The money would be used to buy a massive supply of advanced Nvidia chips that would be leased to xAI for a new huge data center meant to help train and power its AI chatbot Grok, the WSJ reported.
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