Tesla and xAI, Elon Musk's companies, will bring online $10 billion worth of training compute capacity by the end of this year, as observed by Sawyer Merritt, a co-founder of TwinBirch and a Tesla investor. And yet, it probably means that both companies will be somewhat behind schedule set by Elon Musk.

Musk's xAI enters the generative AI race with its supercomputers and models like Grok. But can it rival OpenAI?

The risk of a rogue AI could be heightened if the technology grows exponentially as Musk expects it to. He said during the summit that AI is going to get 10 times better this year, and, in another of his lofty forecasts, predicted that AI would be able to do anything that a human can do within the next year or two.

The financing efforts follow that of rival OpenAI, which recently closed a funding round that valued it at $157 billion.

Nvidia (NASDAQ:NVDA) is talking with Elon Musk about investing in his xAI artificial intelligence startup, the New York Post reported late Friday, citing a source close to the situation. According to the report,

Chipmaking giant Nvidia is in talks with Elon Musk about investing in his fast-growing artificial intelligence startup xAI, a source close to the situation said. XAI — which powers the snarky Grok chatbot on Musk’s X social network — is in talks with some investors about raising several billion dollars at a roughly $40 billion valuation,