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Wall St Engine @wallstengine on x 73.4K followers
Created: 2025-07-22 16:01:29 UTC
MUSK’S XAI LOOKING TO RAISE UP TO $12B FOR AI CHIP EXPANSION — WSJ
Just weeks after pulling in $10B, Elon Musk’s xAI is now aiming to raise up to $12B more to fund massive AI chip purchases through Valor Equity Partners, according to the Wall Street Journal. The new funding would help xAI build a second data center, “Colossus 2,” as it ramps up efforts to compete with OpenAI, Google, and Meta.
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Related Topics data center meta open ai colossus wall street elon musk $10b wsj