- xAI has expanded its latest funding round to $15 billion, boosting the company’s valuation to around $200 billion.
- The raise is expected to fund large-scale GPU purchases as xAI accelerates development of its foundational models
xAI, Elon Musk’s artificial intelligence company, has secured $15 billion in new funding, CNBC reported today.
The round expands the $10 billion raise previously reported in September and values the company at roughly $200 billion. Much of the capital will be used to acquire the GPUs needed to train large-scale AI systems.
The investment comes amid soaring valuations for AI companies, including Anthropic’s recent $13 billion raise and OpenAI’s $6.6 billion share sale at a $500 billion valuation. The surge in funding reflects intense demand for foundational models across the tech industry.