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Dell shares pop on report of $5 billion deal for AI servers for Elon Musk's xAI

by NBC Chicago
Feb 14, 2025
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Get top local stories in Connecticut delivered to you every morning. Sign up for NBC Connecticut's News Headlines newsletter. In December, xAI announced a $6 billion funding round. CNBC reported that the Musk startup, which competes with OpenAI, was raising the money to purchase GPUs. The Grok assistant from xAI is available for people to use on X, which is also owned by Musk. Musk has been building out xAI's facility in Memphis, Tennessee. Dell declined to comment. xAI didn't immediately respond to a request for comment. Money Report