Post #11448

Musk's xAI raises $20B in Series E Round Elon Musk's AI startup xAI has closed an upsized $20B Series E funding round, exceeding its original $15B target. Investors in the round include Nvidia, Cisco Investments, Valor Equity Partners, Stepstone Group, Fidelity Management & Research Company, Qatar Investment Authority, MGX, and Baron Capital Group. The company is currently training Grok 5 while continuing to develop its image- and video-generation models through Grok Imagine, an AI-powered creative tool. The European Commission recently condemned Grok's "Spicy Mode" for producing "illegal" and "appalling" content, while France, the UK, India, and Malaysia have launched separate investigations. 🔗x.ai/news/series-e Follow us to be on top of crypto: TG | Chat | X