11:39 - 8.10.2025

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October 8, Fineko/abc.az. Nvidia will participate in the financing of Elon Musk's company xAI in a deal worth approx. $20 bn.

ABC.AZ informs that the funds include equity and debt obligations through a special venture that will purchase Nvidia processors and lease them to xAI for project Colossus 2.

Sources specify that Nvidia will invest up to $2 bn in xAI's capital, despite Musk's statement in September that the company “is not attracting new financing”.