Elon Musk Plans to Raise $40 Billion for Nvidia AI Chips
Elon Musk is planning to raise $40 billion in financing to buy advanced artificial intelligence chips from Nvidia.
The proposed deal would be led by asset manager Apollo Global Management. The financing is intended to support the purchase of hardware used to power AI systems.
The plan remains a proposed fundraising effort, rather than a completed transaction. No timetable for securing the money or purchasing the chips was provided.
Details of the financing structure and the intended recipient of the chips were not specified. Apollo’s precise role beyond leading the deal was also not outlined.
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