xAI Closes $20 Bn Funding Round to Accelerate Grok Training, Data Centres
Elon Musk’s xAI has raised $20 billion in an upsized Series E funding round, exceeding its initial $15 billion target, as the company scales its AI infrastructure and product development. The round attracted participation from Valor Equity Partners, Stepstone Group, Fidelity Management & Research Company, Qatar Investment Authority, MGX, and Baron Capital Group, with strategic […]
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