(Reuters) -Elon Musk's xAI is raising more financing than initially planned, including an equity investment from Nvidia ( NVDA ), to bring its ongoing funding round to $20 billion, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.

The financing, which includes equity and debt, will be tied to the Nvidia ( NVDA ) graphics processing units that xAI plans to use in Colossus 2, according to Bloomberg.

Reuters could not immediately verify the report.