Apollo nears $3.4B funding to back Nvidia chip leasing deal for Elon Musk’s xAI
Apollo nears $3.4B funding to back Nvidia chip leasing deal for Elon Musk’s xAI is drawing significant interest across the industry.
Apollo Global Management is closing in on another multibillion-dollar bet tied to the race for AI compute, one that puts Nvidia chips at the center of Elon Musk’s expanding xAI footprint. According to a report from The Information, Apollo is finalizing roughly $3.4 billion in funding for an investment vehicle set up to buy Nvidia
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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