Musk’s xAI Raises $20 Billion With Backing From Nvidia and Cisco – Decrypt
In brief Elon Musk’s xAI closed an upsized $20 billion Series E round with backing from Nvidia, Cisco Investments, and others. The funding will accelerate the buildout of what xAI claims are the world’s largest GPU clusters, totaling over one million H100 equivalents. The capital injection comes as xAI faces international probes over Grok’s ability...
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