$NVIDIA(NVDA.US) - MUSK’S XAI PURSUES $20B NVIDIA CHIP LEASE DEAL
xAI is pursuing a $20 billion lease-to-own deal for Nvidia chips to build its second data center in Memphis. Unlike rivals, xAI aims to own most of its infrastructure.Valor Equity Partners is raising $7.5 billion in equity and $12.5 billion in debt for the purchase, with Nvidia contributing $2 billion. The structure shifts most financial risk to Valor, a longtime Musk ally.
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