{"id":197045,"date":"2025-10-08T08:10:08","date_gmt":"2025-10-08T08:10:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/197045\/"},"modified":"2025-10-08T08:10:08","modified_gmt":"2025-10-08T08:10:08","slug":"xai-to-raise-20-billion-after-nvidia-and-others-boost-round","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/197045\/","title":{"rendered":"xAI to Raise $20 Billion After Nvidia and Others Boost Round"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Elon Musk\u2019s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including <a href=\"https:\/\/www.bloomberg.com\/quote\/NVDA:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Nvidia Corp.<\/a> to lift its ongoing funding round to $20 billion, according to people with knowledge of the matter.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The financing includes equity and debt in a special purpose vehicle that will buy Nvidia processors and rent them to xAI for use in its Colossus 2 project, said the people, who asked not to be identified because the information is private. That\u2019s the name of its largest data center site, which is located in Memphis.<\/p>\n","protected":false},"excerpt":{"rendered":"Elon Musk\u2019s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp.&hellip;\n","protected":false},"author":2,"featured_media":197046,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,49,48,91761,23358,5427,23200,2546,1829,938,1369,2927,61],"class_list":["post-197045","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-ca","tag-canada","tag-capital-partners","tag-chief-financial-officer","tag-debt","tag-elon-reeve-musk","tag-infrastructure","tag-investing","tag-memphis","tag-nvidia-corp","tag-startups","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/197045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=197045"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/197045\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/197046"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=197045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=197045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=197045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}