financing
OpenAI CFO Confirms No Immediate Plans for IPO While Seeking Government Support for AI Chip Financing
Nov 06, 2025 11:32 am CST
OpenAI's Chief Financial Officer Sarah Friar has dismissed immediate IPO plans despite previous reports suggesting a potential trillion-dollar valuation. Following a major corporate restructuring valued at $500 billion, the company is focusing on scaling operations and seeking US government support to guarantee financing for AI chips, which would reduce costs and increase loan-to-value ratios for their expanding data center investments.
Nvidia's $2 Billion Investment in Elon Musk's xAI as Part of $20 Billion Financing Deal
Oct 08, 2025 02:20 pm CST
Elon Musk's xAI is securing a $20 billion financing package with Nvidia investing up to $2 billion in equity. The deal includes a special purpose vehicle to purchase Nvidia processors for xAI's Colossus 2 data center in Memphis, with a unique structure splitting $7.5 billion in equity and $12.5 billion in debt. Despite Musk's earlier denial of fundraising, the capital-intensive AI startup reportedly burns through $1 billion monthly.