BREAKING: Elon Musk's xAI has officially raised a Series C $6B round of financing.
Along with major Venture Capital firms, Nvidia was part of the round.
This makes a TON of sense for $NVDA.
They get paid if xAI continues to build better models because they will continue to buy more GPUs.
If xAI becomes one of the largest foundation models and seriously competes with GPT, Gemini & Claude, then they likely will HAVE to continue buying the latest GPUs to stay competitive.
Elon gets money, $NVDA keeps xAI alive, xAI buys GPUs, $NVDA generates more revenue.
