Elon Musk’s xAI said it has raised $20bn in new funding, in an upsized deal that more than doubles its valuation since last spring, despite growing concern over illegal content generated by its artificial intelligence.
The start-up, which develops the chatbot and model Grok, initially targeted a $15bn round, at a $230bn valuation. On Tuesday, xAI announced the larger-than-anticipated round, with participation from Valor Equity Partners, Fidelity Investment Management, the Qatar Investment Authority and Abu Dhabi fund MGX.
Strategic investors include Nvidia and Cisco, whom the company said would support its computing resources. Nvidia supplies chips to xAI, which power the training and running of its AI models.
您已阅读30%（717字），剩余70%（1695字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。