Elon Musk's xAI is reportedly trying to borrow $12,000,000,000 for even more Nvidia GPUs, an impulse all PC gamers can truly understand

WASHINGTON, DC - NOVEMBER 13: Elon Musk listens as U.S. President-elect Donald Trump addresses a House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. As is tradition with incoming presidents, Trump is traveling to Washington, DC to meet with U.S. President Joe Biden at the White House as well as meet with Republican congressmen on Capitol Hill. (Photo by Andrew Harnik/Getty Images) — (Image credit: Andrew Harnik, Getty Images)

Ah, you know how it is. Once you go on a GPU buying spree, it's difficult to stop yourself from adding a few thousand more to the pile. I'd imagine, anyway. The Wall Street Journal reports that xAI is working with private equity firms to secure up to $12 billion in order to lease a massive supply of Nvidia chips for its AI-dominating aims, mere weeks after raising an estimated $10 billion through the sales of stock and debt.

The WSJ says that Valor Equity Partners, an investment firm believed to have close ties to Musk, is currently in talks with lenders to raise the required capital.

And for that, it needs money. Which might go some way to explaining why Musk's rocketship venture, SpaceX, was recently said to be investing $2 billion into xAI's future ventures. It's a bit like when I move my funds from my main account into another for holiday spending, except rather than buying tsatsiki and flip flops, xAI's goals appear to be hoovering up a huge amount of high-end AI hardware.

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Andy built his first gaming PC at the tender age of 12, when IDE cables were a thing and high resolution wasn't—and he hasn't stopped since. Now working as a hardware writer for PC Gamer, Andy spends his time jumping around the world attending product launches and trade shows, all the while reviewing every bit of PC gaming hardware he can get his hands on. You name it, if it's interesting hardware he'll write words about it, with opinions and everything.

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