Elon Musk Just Gave Nvidia Investors 100,000 Reasons to Cheer
Over the last year, serial entrepreneur Elon Musk and semiconductor company Nvidia (NASDAQ: NVDA) have become staples in financial headlines. Rarely, however, have the two names been mentioned together -- until now.
Just days ago, Musk's artificial intelligence (AI) start-up, called xAI, closed on a $6 billion financing round. xAI is building a large language model (LLM) called Grok that aims to compete with OpenAI's ChatGPT.
Following the announcement, several media outlets reported that a portion of the funding would be used to purchase 100,000 Nvidia H100 graphics processing units (GPUs) to build a supercomputer.
Source Fool.com