Elon Musk's AI startup xAI is raising its funding round to $20 billion, including a $2 billion investment from Nvidia. The financing will consist of approximately $7.5 billion in equity and up to $12.5 billion in debt, aimed at acquiring Nvidia processors for its data center, Colossus 2. Musk had previously downplayed reports of a smaller fundraising effort.

Mira Murati's AI startup is reportedly seeking to raise a massive $2 billion seed round, signaling strong investor interest in advanced artificial intelligence technologies. The funding would support the company's ambitious plans to develop cutting-edge AI solutions and expand its market presence.