AI Chip Startup Expansion

News

Musk Allies to Raise Up to $12 Billion for xAI Chips

The Wall Street Journal on MSN · 8h

Musk Allies to Raise Up to $12 Billion for xAI Chips as Startup Burns Through Cash

XAI is tapping into the booming private-credit market to find the cash it needs to build massive data centers.

Reuters on MSN · 6h

Musk's xAI to raise up to $12 billion in debt for AI expansion, WSJ reports

Elon Musk's artificial intelligence startup xAI is working with a financier to secure up to $12 billion more for its expansion plans, the Wall Street Journal reported on Tuesday, citing people familiar with the situation.

The Economic Times on MSN · 5h

Musk's xAI working to raise up to $12 billion, WSJ reports

Valor Equity Partners, an investment firm whose founder, Antonio Gracias, has close ties to Musk, is in talks with lenders to raise the capital, according to the report.

Hosted on MSN12mon

Startup with ‘radical’ concept for AI chips emerges from ... - MSN

A British startup hoping to challenge Nvidia’s dominance in chips for AI applications with a radical new hardware design has just emerged from operating in stealth with $15 million in seed ...

The American Bazaar1d

From Taipei to trillions: TSMC’s AI-powered market surge

TSMC becomes the first Asian firm since 2007 to hit a $1 trillion market value, driven by surging global demand for AI chips ...

15don MSN

AI chipmaker Groq expands to Europe with new Finland hub

Groq opens a new AI data centre in Helsinki, Finland, as it expands globally to compete with Nvidia in the inference chip ...

6hon MSN

White House to launch plan to boost US AI globally, limit foreign curbs

The plan will 'focus on empowering American workers through AI-enabled job creation and industry breakthroughs' ...

NBC New York15d

Nvidia challenger Groq expands with first European data center

Groq said it has established its first European data center in partnership with Equinix. The AI semiconductor startup is looking to take advantage of rising demand for AI services in Europe ...

Digi Times7mon

South Korea's FuriosaAI takes on global AI chip race with 'RNGD'

In August 2024, the startup unveiled its advanced AI chip, "RNGD." The chip is positioned to challenge industry leaders such as Nvidia with a 100% power efficiency advantage over Nvidia's H100 ...

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