Musk's xAI considering second data center, $5bn Dell server deal
AI startup xAI is considering building a second data center, after setting up a large cluster in Memphis, Tennessee, The Information reports. At the same time, Bloomberg reports that Elon Musk's company is in advanced talks with Dell Technologies to buy $5 billion in AI servers.
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.
As analysts forecast big growth in PCs, as well as data center infrastructure spending in 2025, Dell Technologies Chief ...
Analyst firm Dell’Oro Group predicts that worldwide data center annual capex will surpass $1 trillion by 2029. The sector's ...
Notably, ISG revenue accounted for 47% of Dell's total revenue in the quarter vs. 38% in the same quarter last year. The company's data center business will soon be its dominant segment.
Despite some delays, more than 100 million 800 Gbps and 1600 Gbps switch ports will be deployed in front-end networks over the next five years, leveraging 51.2 Tbps and 102.4 Tbps chips that will be ...
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