According to TechFlow, on January 7th, xAI oversubscribed in its Series E funding round, raising $20 billion beyond its initial target of $15 billion. Key partners in this round included Fidelity and the Qatar Investment Authority. Strategic investors NVIDIA and Cisco continue to support xAI's rapid expansion of its computing infrastructure and help it build the world's largest GPU cluster. xAI stated that looking ahead, with Grok 5 currently in testing, they are working to launch innovative consumer and enterprise products leveraging the power of Grok, Colossus, and X. This latest funding will accelerate its global infrastructure development and drive the rapid development and deployment of transformative AI products.
xAI completes $20 billion funding round, with Nvidia among the strategic investors.
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