Shares of Dell (DELL) and Super Micro Computer (SMCI) popped Thursday after xAI Founder Elon Musk said the companies are providing hardware for the supercomputer his AI startup is building. The moves higher underscore Wall Street’s excitement around AI technology. Investors are clamoring to buy into AI businesses at every level of development, from major […]
Tag: XAI
Elon Musk’s xAI supercomputer in Memphis seeks to beat ORNL’s Frontier. What will it take?
Elon Musk has aspirations to unseat Frontier, Oak Ridge National Laboratory’s pride and joy, as the world’s largest supercomputer with his “gigafactory of compute” in Memphis. He has billions to make it happen. Frontier has taken the No. 1 spot on the Top500 list of the world’s fastest supercomputers five times in a row since […]
xAI supercomputer may need 1M gallons of water, plenty of power, group says
MEMPHIS, Tenn. — Excitement continues to stir surrounding xAI building the world’s largest supercomputer right here in Memphis. But along with the excitement comes concern, specifically from environmentalists. In a joint statement, environmental groups Protect Our Aquifer, Memphis Community Against Pollution, and the Young Gifted and Green expressed their concerns about the facility’s impact on […]
Musk asks Nvidia to ship AI chips booked for Tesla to X and xAI, CNBC reports
(Reuters) -Tesla CEO Elon Musk has told Nvidia to prioritize shipments of AI processors to his companies X and xAI over the electric-vehicle maker, CNBC reported on Tuesday. “Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12K of shipped H100 GPUs originally slated for Tesla to X instead,” an internal […]
Elon Musk ordered Nvidia to prioritize chips for X, xAI: CNBC
Tesla (TSLA) CEO Elon Musk reportedly ordered Nvidia (NVDA) to ship out and divert AI chips originally meant for Tesla to X and Musk’s xAI startup, according to emails obtained by CNBC. The Morning Brief team reports on this. For more expert insight and the latest market action, click here to watch this full episode […]
Cathie Wood’s Ark buys stake in Musk’s xAI, Bloomberg News reports
(Reuters) – Cathie Wood’s Ark Investment Management had purchased a stake in xAI, Elon Musk’s artificial intelligence startup with a post-money valuation of $24 billion, Bloomberg News reported on Tuesday. The stake represents about 2% of the fund’s holdings, according to Ark Chief Futurist Brett Winton in an interview to Bloomberg, which added that Ark […]
Cathie Wood’s Ark buys stake in Musk’s xAI, Bloomberg News reports
(Reuters) – Cathie Wood’s Ark Investment Management had purchased a stake in xAI, Elon Musk’s artificial intelligence startup with a post-money valuation of $24 billion, Bloomberg News reported on Tuesday. The stake represents about 2% of the fund’s holdings, according to Ark Chief Futurist Brett Winton in an interview to Bloomberg, which added that Ark […]
Elon Musk is recruiting xAI staffers who are ‘without regard to popularity or political correctness’ a day after raising $6 billion from investors
Elon Musk is playing catch-up in the AI race by ramping up his recruiting efforts for xAI, after investors valued the 10-month old startup at an eye-watering $24 billion. Even though Musk cofounded ChatGPT creator OpenAI in late 2015, he left the project after a disagreement with management and now finds himself in the rare […]
xAI, Elon Musk’s Artificial Intelligence (AI) Company, Has Spectacular News for Nvidia Stock Investors
In today’s video, I discuss recent updates impacting Nvidia (NASDAQ: NVDA). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of May 24, 2024. The video was published on May 26, 2024. Should you invest $1,000 in Nvidia right now? […]
Elon Musk’s xAI raises $6bn to develop artificial intelligence
A group of investors will put up $6 billion (€5.5 billion) to fund development of artificial intelligence by Elon Musk’s xAI. The company said on its website that the Series B funding round will be used to take xAI’s first products to market and speed up research. XAI said it has made “significant strides” during […]
Elon Musk’s xAI gets $6B in new funding and announces valuation
Billionaire Elon Musk’s artificial intelligence (AI) startup xAI announced Sunday that the company raised $6 billion in Series B funding that lifts the company’s valuation to $24 billion after the investment. Among the investors in xAI’s $6 billion Series B round were Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research […]
Elon Musk’s xAI raises six billion dollars to develop artificial intelligence
A group of investors will put up six billion dollars (£4.7 billion) to fund development of artificial intelligence by Elon Musk’s xAI. The company said on its website that the Series B funding round will be used to take xAI’s first products to market and speed up research. XAI said it has made “significant strides” […]