Musk’s artificial intelligence venture, xAI, has declared a triumphant $20 billion fundraising round, comfortably surpassing its initial target of $15 billion. Post-funding, xAI is projected to achieve a valuation in the ballpark of $230 billion. The roster of investors in this round features tech giants such as Nvidia and Cisco Investments, alongside stalwart backers of Musk’s enterprises: Valor Equity Partners, Stepstone Group, Fidelity Investments, the Qatar Investment Authority, Abu Dhabi’s MGX, and Baron Capital Group.
