NVDA - MUSK SEEKS 12B MORE FOR XAI TO STAY IN AI RACE Elon Musk is seeking up to 12 billion more for xAI, just weeks after raising 10 billion, to buy Nvidia chips for its next large data center. Valor Equity Partners is leading the funding, using a debt structure backed by chips leased to xAI. xAI is burning cash rapidly, with 13 billion projected for 2025, and remains unprofitable while building its own AI infrastructure, unlike rivals partnered with cloud giants.(*Walter Bloomberg)