xAI Raises $20 Billion in Series E Funding Round From Nvidia and Cisco

TLDR Elon Musk’s xAI raised $20 billion in Series E funding, exceeding its original $15 billion target Major investors include Nvidia, Cisco, Fidelity, Qatar Investment Authority, and Valor Equity Partners The funding values xAI at approximately $230 billion, making it one of the most valuable AI startups Money will fund infrastructure expansion, Grok 5 development, [...]

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