Dell Nears $5 Billion AI Server Deal for Elon Musk’s xAI
Dell Technologies Inc. is in advanced stages of securing a deal worth more than $5 billion to provide Elon Musk’s xAI with servers optimized for artificial intelligence work.Most Read from BloombergProgressive Portland Plots a ComebackWhy American Mobility Ground to a HaltSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MaySaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterCutting Arena Subsidies Can Help Cover Tax Cuts,
Report: Dell close to inking $5B+ AI server deal with xAI
It’s believed Dell could deliver the servers to xAI later this year. Analysts cited by Bloomberg estimate that the hardware maker’s AI server sales will reach $14 billion in the 12 months through January 206, which would represent a 40% year-over-year increase. Dell shares closed 3.75% higher today on the report.
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