Elon Musk’s xAI gets investment from Nvidia in recent funding round: report
By Simon Alvarez Posted on December 25, 2024 xAI has closed its Series C funding round of $6 billion. A number of companies were part of the investment round, including tech and finance giants A16Z, Blackrock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, and Vy Capital. Strategic investors NVIDIA and AMD also participated. The companies will continue to support xAI’s scaling infrastructure. What they’re saying: Elon Musk has welcomed NVIDIA’s investment. In a post on X , Musk noted that “It’s an honor to have NVIDIA as an investor.” It’s an honor to have @nvidia as an investor — Elon Musk (@elonmusk) December 25, 2024 xAI’s Rapid Progress: After its Series B funding round in May 2024, xAI has not slowed down. The AI startup achieved notable significant technical milestones , which include: Colossus : The world’s largest AI sup...