Musk's xAI Computing Power! Reportedly raising a new round of funding, targeting $6 billion.

Musk's xAI is rumored to be in contact with a number of investors and is in the process of raising up to $6 billion. (Synopsis: Microsoft, Alibaba hint at "AI computing power bubble"? Reducing server spending, bitcoin mining companies fall) (Background supplement: DeepSeek blows up the moat of the US AI industry, in fact, it is a big profit? Is there a ghost in the GPU computing power behind it? Computing power is an endless race, and xAI, an artificial intelligence company founded by Elon Musk, the world's richest man, is rumored to be planning a new round of large-scale fundraising. According to the US financial media CNBC today (22nd), citing a number of sources familiar with the inside information, xAI is actively negotiating with potential investors and seeking to raise a huge amount of about $6 billion. The potential funding round is considerable, with sources reporting that xAI's valuation target for the company in this round of funding is set at about $18 billion (Post-Money Valuation). CNBC reports that xAI's main driver for seeking this huge funding is to accelerate the large-scale computing infrastructure that companies need. This includes acquiring a large number of high-end AI chips and building advanced AI models for training and running, such as xAI's current chatbot Grok and its successors, which require more supercomputer clusters. The race for computing power never stops At present, the AI industry has powerful computing power and has become the key to competitiveness. Training top-notch AI models requires astronomical computing resources, which also leads to the extremely high cost (chip) of building related infrastructure. As a relatively late player, xAI must rapidly scale its computing power to compete effectively with other AI leaders such as OpenAI, Google DeepMind, Anthropic and others in terms of technology development speed and model performance. According to sources, xAI is in discussions with investment institutions in many places around the world. Considering Musk's past fundraising record and the potential synergy between xAI and its social platform X, this round of financing has attracted widespread market attention, and it can also understand that Musk's business system can indeed be "connected" to achieve a bonus effect. Related reports The Democratic Party proposed the "Clean Cloud Act" to require US bitcoin mining companies and AI computing power centers to embrace green energy: 2035 to achieve zero carbon emissions Ethereum OG spray "ETH is not saved": the foundation should admit the four major mistakes, and in 2021 it had mastered the world's largest computing power 〈Musk fights his xAI computing power! This article was first published in BlockTempo's "The Most Influential Blockchain News Media".