Elon Musk’s artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia to lift its ongoing funding round to $20 billion, according to people with knowledge of the matter. The financing includes equity and debt in a special purpose vehicle that will buy Nvidia processors and rent them to xAI for use in its Colossus 2 project.
In French politics, outgoing French Prime Minister Sebastien Lecornu expressed optimism that an accord can be reached to allow the formation of a new government without fully endorsing a new proposal to rethink a controversial pension law as demanded by the Socialists.
Today’s guests: Henrietta Pacquement, Allspring Global Investments Senior Portfolio Manager, Asahi Pompey, Goldman Sachs Global Head of the Office of Corporate Engagement, Shumita Deveshwar, TS Lombard Chief India Economist
(Source: Bloomberg)
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