xAI Raises USD $20 Billion to Expand Grok AI Platform

xAI raises USD $20 billion to expand Grok AI platform

Elon Musk’s xAI raises USD $20 billion, turbocharging Grok model training and GPU build-out as rivalry in frontier AI heats up.

XAI raises $20bn despite Grok controversy

Elon Musk’s AI company xAI has raised a substantial $20 billion (€17 billion) in its latest funding round. Despite criticism of the chatbot Grok for generating inappropriate and potentially illegal content, the start-up attracted major investors, including Nvidia, Fidelity Management, Qatar’s sovereign wealth fund, and Valor Equity Partners. Grok’s image-generation capabilities have been both praised [… The post XAI raises $20bn despite Grok con…