Dell nears deal to sell $5 billion in AI servers to xAI

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Dell Technologies is nearing a deal worth more than $5 billion to provide Elon Musk‘s xAI with servers optimized for artificial intelligence work, Bloomberg News reported on Friday, citing people familiar with the matter.

Shares of the company gained 4% after the report, which said Dell would sell servers containing Nvidia’s GB200 semiconductors to the AI startup for delivery this year.

Details are still being discussed and may change, the report added.

The AI server maker declined to comment. Representatives for Musk, who owns xAI, did not…



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Dell nears deal to sell $5 billion in AI servers to xAI


Dell Technologies is nearing a deal worth more than $5 billion to provide Elon Musk‘s xAI with servers optimized for artificial intelligence work, Bloomberg News reported on Friday, citing people familiar with the matter.

Shares of the company gained 4% after the report, which said Dell would sell servers containing Nvidia’s GB200 semiconductors to the AI startup for delivery this year.

Details are still being discussed and may change, the report added.

The AI server maker declined to comment. Representatives for Musk, who owns xAI, did not…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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