Investors including Nvidia back Musk's xAI in $20B funding round: report
1. Nvidia invests up to $2 billion in Elon Musk's xAI funding round. 2. xAI plans to utilize Nvidia chips for its Colossus 2 data center. 3. Total funding so far is around $20 billion, including debt and equity. 4. Tech companies are rapidly investing in AI infrastructure for emerging technologies. 5. xAI is burning cash at $1 billion per month, seeking further capital.