Official announcements from xAI, financial reports

Elon 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.