xAI completes $20 billion Series E funding round, with strategic participation from NVIDIA and Cisco.

According to ME News, on January 7th (UTC+8), xAI officially announced that it has raised $20 billion in its Series E funding round, exceeding its original target of $15 billion. Participants included Valor Equity, Stepstone, Fidelity, the Qatar Sovereign Wealth Fund, and Baron, with strategic investors including NVIDIA and Cisco. The funds will accelerate the development of GPU clusters and AI infrastructure. xAI stated that by 2025, it aims to achieve breakthroughs in Grok models, voice assistants, image generation, and integration with the X platform, reaching 600 million monthly active users. The Grok 5 model is currently being trained, and the company will continue to advance the development of AI products for consumers and enterprises. (Source: ME)