Elon Musk’s xAI Raises $20B as Investors Double Down on AI Infrastructure

Elon Musk’s artificial intelligence venture xAI has secured $20 billion in a Series E funding round, exceeding its original $15 billion target and instantly becoming one of the largest private capital raises in tech history. source: https://www.ethnews.com/elon-musks-xai-raises-20b-as-investors-double-down-on-ai-infrastructure/