00:00John Musk's artificial intelligence company, XAI, has raised $15 billion, adding to a previously reported $10 billion round that values the startup at $200 billion.
00:11Much of the new funding will go towards purchasing high-powered graphics processing units, known as GPUs, that drive large language models.
00:20The investment underscores how AI startups are commanding record-breaking valuations amid surging demand for next-gen technology.
00:27With rivals like Anthropic and OpenAI also securing multi-billion dollar raises, Musk's latest moves signals an intensifying race to dominate the future of artificial intelligence.
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