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Home»Finance»Super Micro, Dell shares jump as Elon Musk calls them suppliers to xAI supercomputer project
Finance

Super Micro, Dell shares jump as Elon Musk calls them suppliers to xAI supercomputer project

June 20, 2024No Comments2 Mins Read
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Super Micro, Dell shares jump as Elon Musk calls them suppliers to xAI supercomputer project
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Elon Musk, co-founder of Tesla and SpaceX and proprietor of X Holdings Corp., speaks on the Milken Institute’s World Convention on the Beverly Hilton Lodge,on Might 6, 2024 in Beverly Hills, California. 

Apu Gomes | Getty Photos

Shares of Dell Applied sciences and Tremendous Micro Laptop jumped Thursday after Elon Musk revealed that the 2 {hardware} makers will present servers to assist his synthetic intelligence startup xAI develop a supercomputer.

“Dell is assembling half of the racks which might be going into the supercomputer that xAI is constructing,” Musk stated on an X publish, including that Tremendous Micro may even be concerned.

Dell shares climbed greater than 3% in premarket buying and selling, whereas Tremendous Micro popped almost 5%.

Musk has promised to construct a $500 million “Dojo” supercomputer in Buffalo, New York, and a “tremendous dense, water-cooled supercomputer cluster” on the firm’s manufacturing facility in Austin, Texas. The expertise would doubtlessly assist Tesla develop the pc imaginative and prescient and enormous language fashions wanted for robots and autonomous autos.

Musk based xAI final 12 months as a challenger to Microsoft-backed OpenAI and Alphabet’s Google. Musk additionally co-founded OpenAI.

Michael Dell, CEO of Dell, stated Wednesday in an X publish that his agency is constructing a “Dell AI manufacturing facility” with Nvidia to energy Musk’s AI bot Grok.

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