US EditionElon Musk's xAI raises $20 billion from investors including Nvidia, Cisco, Fidelity
xAI exceeded its $15 billion target to raise $20 billion from global investors to expand data centers, build GPU clusters, and accelerate AI product development for 600 million users.
- Elon Musk's artificial intelligence startup xAI raised $20 billion, exceeding its $15 billion target, in a Series E funding round.
- The funding will allow xAI to build infrastructure, speed development and deployment of AI products, and fund research for its next-generation Grok 5 model.
- Investors included major tech companies like Nvidia and Cisco as well as long-time backers of Musk's companies.
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Elon Musk’s xAI closes upsized $20B Series E funding round
xAI has closed an upsized $20 billion Series E funding round, exceeding the initial $15 billion target to fuel rapid infrastructure scaling and AI product development. xAI announced the investment round in a post on its official website. A $20 billion Series E round As noted by the artificial intelligence startup in its post, the Series E funding round attracted a diverse group of investors, including Valor Equity Partners, Stepstone Group, Fi…
Artificial intelligence (AI) startup xAI, which is behind the chatbot Grok, has raised $20 billion (about 415 billion crowns) from investors. The money will be invested in the company of entrepreneur and billionaire Elon Musk by chip manufacturer Nvidia and the state of Qatar, among others.
Elon Musk’s xAI Raises $20B Amid Backlash Over Grok AI Deepfakes
Elon Musk’s xAI has raised $20B in its latest funding around, amid backlash over chatbot Grok creating sexualized imagery of women and children. The company said the Series F funding round had exceeded a $15B target, with investors including Valor Equity Partners, Stepstone Group, Fidelity Management & Research Company, Qatar Investment Authority, MGX and Baron […]
xAI Bags $20B As Elon Musk Celebrates a Funding Win that Could Reshape AI Power
Elon Musk's artificial intelligence venture has just secured a massive financial boost, marking a pivotal moment in the industry's history. This $20 billion (£14.81 billion) windfall places the company in a prime position to challenge established tech giants and redefine the competitive landscape. As the dust settles on this landmark deal, the focus shifts to how this capital will accelerate the race for AI supremacy.Tuesday brought a significan…
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