US EditionElon Musk's xAI raises $20 billion from investors including Nvidia, Cisco, Fidelity
xAI raised $20 billion in a Series E round to expand data centers and AI products including Grok, reaching 600 million users amid regulatory probes over controversial chatbot content.
- 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.
79 Articles
79 Articles
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 […]
Elon Musk's startup closes a maxi round with the support of large investors. At the heart of the global race all'AI, between computing power, capital and new regulatory tensions
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