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*Walter Bloomberg @DeItaone on x 1M followers
Created: 2025-07-22 15:59:00 UTC
$NVDA - MUSK SEEKS $12B MORE FOR XAI TO STAY IN AI RACE
Elon Musk is seeking up to $XX billion more for xAI, just weeks after raising $XX billion, to buy Nvidia chips for its next large data center. Valor Equity Partners is leading the funding, using a debt structure backed by chips leased to xAI.
xAI is burning cash rapidly, with $XX billion projected for 2025, and remains unprofitable while building its own AI infrastructure, unlike rivals partnered with cloud giants.
XXXXXXX engagements
Related Topics xai xai nvda debt data center elon musk coins ai xai $12b