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VisitElon Musk's xAI to Spend Up to $12 Billion on 300,000 Nvidia Chips Next Summer
Jun 3, 2024, 12:37 PM
Elon Musk has announced significant plans for his artificial intelligence company, xAI. The company intends to acquire approximately 300,000 Nvidia Blackwell graphics-processing units next summer, each costing between $30,000 and $40,000. This purchase could amount to a total expenditure of $9 billion to $12 billion. Nvidia CEO Jensen Huang has confirmed the cost of these chips. Musk's plans highlight the growing importance of advanced AI capabilities and the role of chip makers in this burgeoning industry.
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Markets
No • 50%
Yes • 50%
Stock market data from credible financial sources (e.g., Bloomberg, Yahoo Finance)
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Official announcements from xAI, credible news reports
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Official announcements from xAI or Nvidia, credible news reports
Largest tech company • 25%
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More than $12 billion • 33%
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Top 10 • 33%
Top 5 • 33%
Financial market data, credible news reports