Back

Jayant Mundhra

ย โ€ขย 

Dexter Capital Advisorsย โ€ขย 4m

Itโ€™s crazy that Elon Musk has raised another $6bn for his OpenAI competitor in just 6 months ๐Ÿ™๐Ÿ™ But, whatโ€™s crazier is that no oneโ€™s asking what that will be used for. And that is the real deal! Letโ€™s understand in depth, like no body will tell you! .. In May, Elon Muskโ€™s xAI had raised $6bn at a pre-money valuation of $18bn. Now, 6 months later, it has raised another $6bn at a post-money valuation of $46bn. -> Much of this money pile will go towards further scaling up the worldโ€™s biggest AI supercomputer (COLOSSUS) which xAI operationalised in Memphis (United States) just months ago -> It already has over a lakh of Nvidiaโ€™s best-in-class Hopper GPUs. And work is already underway to double capacity, which needs more money But, as per the buzz in the markets, the overall goal is 10x capacity! .. I mean, this would be an insanely big capacity! Think this way. Colossus already consumes 150MW of power. And at 10x capacity, it would be equivalent to a data centre which consumes double the total amount of energy that all of Indiaโ€™s data centres consume today ๐Ÿ™๐Ÿ™ Itโ€™s mind-bogglingly huge! .. But, to build such a facility takes a lot of time for the following three reasons. 1> It requires a huge amount of contiguous land to be acquired from all sorts of land owners - Govt, individuals, companies, NGOs etc 2> And it has to get the Govt approval to source such big amount of electricity - so that locals and existing commercial and industrial establishments donโ€™t face power shortage 3> And most important - it has to build the infra! The cement, steel, and aluminium all have to be put into shape for floors and ceilings to be erected .. Good thing is, much of this has been sorted. -> To speed things up, Elon acquired a defunct 550-acre-big factory built by Swedish electronics giant Electrolux in 2012, which it shut down in 2022. Itโ€™s in that factory complex where Colossus has been built, and is being expanded -> And as soon as Elon gets the Govt nod for uninterrupted electricity supply from the grid, he would be set to go all in with that 10x capacity expansion. And with Trump as President, that is unlikely to face any hurdles Thus, all that Elon now needs is money to get the ball rolling at full steam. Thus, the $6bn fundraise at $46bn post-money valuation.

3 replies17 likes
2
Replies (3)

More like this

Recommendations from Medial

Mohammed Zaid

Building-HatchUp.aiย โ€ขย 14d

According to reports, OpenAI has countersued Elon Musk, accusing him of harassment and seeking legal measures to prevent further actions that could harm the organization.

0 replies3 likes
Image Description
Image Description

Vishu Bheda

Transforming vision ...ย โ€ขย 11m

India has overtaken Australia, Japan to become the country with the highest data center capacity of 950MW in the Asia-Pacific region (excluding China).

8 replies18 likes
1
Image Description
Image Description

Shuvodip Ray

ย โ€ขย 

YouTubeย โ€ขย 10m

Elon Musk has announced ambitious plans to democratise space travel, stating that the company will eventually enable anyone to journey to space, including the Moon and Mars. Your views???

7 replies11 likes
Image Description
Image Description

Mahendra Lochhab

Content creatorย โ€ขย 4m

Elon Musk has made history by becoming the first individual to achieve a net worth of $400 billion.

3 replies7 likes
Anonymous

The confrontation between Elon Musk and Venezuelan President Maduro has taken a new turn - Musk has been openly offered $100 million for the overthrow and capture of Maduro. ๐Ÿ˜ฒ One activist claimed that the owner of the largest private military comp

See More
0 replies2 likes
Anonymous

This largest transport aircraft in the world was designed to carry heavy and oversized cargo, including the "Buran" space shuttle. "Mriya" has set numerous world records for payload capacity and the size of transported cargo.

0 replies2 likes

Mahendra Lochhab

Content creatorย โ€ขย 4m

As of April 2024, India's cement capacity is 553 million tons per annum (MTPA). By the end of the financial year 2024, the capacity is expected to increase to 586-589 MTPA

0 replies1 like
Image Description

Kolkata Index

ย โ€ขย 

West Bengal Tourismย โ€ขย 4m

Matix Fertilizers plans to invest โ‚น7500 Crore for the upcoming brownfield expansion of their fertilizer & chemicals plant in Durgapur. Located in WBIDC Panagarh Industrial Park on 494 acres. The existing manufacturing plant has capacity of 1.27 MTPA

See More
1 replies2 likes
1
Image Description
Image Description

Sanskar

Keen Learner & Explo...ย โ€ขย 5m

The most powerful publically known businessman Elon musk has a habit of taking risks and that's why most people respect him. Elon just took a pure risk of supporting Trump in US presidential election He purchased Twitter and used it to spread Right

See More
5 replies11 likes
Anonymous
Image Description
Image Description

๐Ÿง” How Elon musk transplant his hairs ๐Ÿ›ธ ๐Ÿ˜“ Elon Musk has never publicly confirmed that he's had a hair transplant, but experts and photos suggest that he likely has: โ€ข Hair transplant type: Experts believe that Musk had a hair transplant using a

See More
2 replies10 likes
2

Download the medial app to read full posts, comements and news.