Nvidia is among the many investors, but xAI has not disclosed if these investments come in the form of equity or debt.

The company behind the Grok large language model said that investors in the funding round included the Qatar Investment Authority, Valor Equity Partners, Stepstone Group, MGX and Baron Capital Group,

AI completed its upsized Series E funding round, exceeding the $15 billion targeted round size, and raised $20 billion. Investors participating in the round

Elon Musk's xAI raised $20 billion from Nvidia, Cisco, and other investors, exceeding its $15 billion target at a $230 billion valuation.

For days, xAI has remained silent after its chatbot Grok admitted to generating sexualized AI images of minors, which could be categorized as violative child sexual abuse materials (CSAM) in the US. According to Grok’s “apology” —which was generated by a user’s request, not posted by xAI—the chatbot’s outputs may have been illegal:

Speaking of semiconductors: Nvidia CEO Jensen Huang said yesterday that there is "very high" demand in China for its H200 artificial intelligence chips. He said the company has restarted production of the chips and is ironing out final details on export licenses with the U.S. government, which has signal it would approve them.

The Elon Musk-founded artificial intelligence company expands its investor base beyond the targeted round size as it continues to scale compute infrastructure and model development

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The massive funding rounds continue a pattern from last ...