Financial disclosures or credible news reports on xAI's investment rounds

AMD and Nvidia Acquire Small Stakes in Elon Musk's xAI, Boosting AI Market

Dec 25, 2024, 03:20 PM

Advanced Micro Devices Inc. (AMD) and Nvidia Corp. have acquired small stakes in Elon Musk's artificial intelligence startup, xAI. This move aligns both companies with other investors, including Lisa Su, Cathie Wood, and Ark Invest, in supporting xAI's mission to advance human scientific discovery. The involvement of AMD and Nvidia, key players in the technology sector, underscores the growing interest in AI ventures and could have implications for competitors like Microsoft, Google, and Amazon in the AI market.