
BUSINESSINSIDER.COM
'$20 billion'
Elon Musk's xAI secures $20B for AI infrastructure boost
SUMMARY
Elon Musk's xAI has successfully raised $20 billion in a Series E funding round, exceeding its $15 billion target. Investors include major firms like Nvidia and Cisco, which will help develop AI infrastructure. The funds will be used for expanding infrastructure, creating AI products, and advancing research. xAI reported over 1 million H100 GPU equivalents across its supercomputers at the end of 2025. The company aims to leverage this funding for future product launches and long-term research focused on understanding the universe. Musk emphasized that access to capital is crucial for competing in the AI sector.
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