While OpenAI is making deals with Nvidia's competitors, Huang himself is not lagging behind and is investing in Altman's competitors
While OpenAI is making deals with Nvidia's competitors, Huang himself is not lagging behind and is investing in Altman's competitors 😏 It has become known that Nvidia will invest about 2 billion dollars in xAI. In total, Musk is raising about 20 billion, structured as: 7.5 billion in equity and 12.5 billion in debt. "Equity" means investors should get a stake in the company. But here – that's not the case. No one will get a stake in xAI, because the money is formally invested not in the startup itself, but in a shell company SPV – Special Purpose Vehicle. The loans, by the way, are also issued to it. The purpose of the SPV is one: to purchase chips from Nvidia with all the received money, and then lease them to xAI for five years. The goal of this scheme is to avoid handing out company shares left and right. Investors, in turn, receive rights to liquid assets instead of shares. And this is e https://www.bloomberg.com/news/articles/2025-10-07/musk-s-xai-nears-20-billion-capital-r
