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In the midst of the thriving artificial intelligence craze, numerous startups are lavishly investing substantial amounts of capital in constructing data centers and luring top-tier talent. Musk's xAI company stands out as a particularly profligate spender, having incurred a staggering net loss of US$1.46 billion in the third quarter of the previous year. Over the initial nine months, its cumulative cash investment soared to a hefty US$7.8 billion. Nevertheless, undeterred by these financial setbacks, xAI has successfully secured a massive US$20 billion Series E funding round. This influx of capital is poised to expedite the construction of data centers, propel model training to new heights, and fuel the expansion of both consumer-grade and enterprise-grade product offerings.
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