💸 Elon Musk’s Allies Aim to Raise $12B for xAI Chips

Musk’s backers are seeking up to $12 billion to fund the xAI chip project, as the startup reportedly burns through cash fast (WSJ).

💭 My take: Big money, big ambition. If xAI succeeds, it could challenge NVIDIA’s grip on AI chips — worth watching closely.

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