xAI’s $20 billion mega-raise: Nvidia chips fuel Elon Musk’s AI Colossus expansion

MacDailyNews
Oct 8, 2025, 9:04 am193 pts
Elon Musk Elon Musk’s xAI is set to secure a $20 billion funding round, surpassing initial plans, with investments from Nvidia and other backers. The financing, a mix of equity and debt, will fund a special purpose vehicle to acquire Nvidia processors for xAI’s Colossus 2 project. Nvidia’s contribution…

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