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xAI gets $20 bn funding with Nvidia backing

January 08, 2026

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Financial Express Hyderabad

ELON MUSK'S ARTIFICIAL intelligence company, xAl, said on Tuesday that it had raised $20 billion from investors to fund its expansion in the race to train the most intelligent chatbot.

- KATE CONGER

In a statement, xAI said it had sought to raise $15 billion but ended up getting more from eager investors. Two people with knowledge of the matter said the investment could push xAI’s valuation above $230 billion, which it was on track to hit when it was raising $15 billion. That would make xAI, founded in 2023, one of the fastest-rising companies in value for Mr. Musk.

المزيد من القصص من Financial Express Hyderabad

Financial Express Hyderabad

TN stampede: CBI quizzes TVK chief Vijay for 6 hours

ACTOR-POLITICIAN TO BE CALLED AGAIN BY PROBE AGENCY

time to read

1 mins

January 13, 2026

Financial Express Hyderabad

Maruti to invest ₹4,960 cr in 2nd Gujarat plant

MARUTI SUZUKI INDIA, the country's top carmaker, has received board approval to invest ₹4,960 crore in Gujarat to expand its manufacturing capacity, marking a significant step in its longterm growth strategy.

time to read

1 min

January 13, 2026

Financial Express Hyderabad

Retail inflation rises to 1.33% in Dec

THE RBI HAD, in its December monetary policy meeting, cut the inflation target for 2025-26 to 2% from 2.6% forecast earlier and delivered a 25 basis points cut in reporate to 5.25%.

time to read

1 min

January 13, 2026

Financial Express Hyderabad

Dmart Ready: focus on large cities

THE FIRM TO CROSS ₹4,000 CR IN ANNUAL REVENUE AT FY26-END

time to read

2 mins

January 13, 2026

Financial Express Hyderabad

Capex budget may rise to ₹12.5Lcr

Counter-cyclical step amid external headwinds, particularly US tariffs

time to read

1 min

January 13, 2026

Financial Express Hyderabad

Deutsche’s India business gets Kotak, Federal bids

THE BANK, WHICH currently operates branches in 16 cities in India, has been narrowing its focus in recent years on corporate banking and investment banking services for multinational and large domestic clients.

time to read

1 min

January 13, 2026

Financial Express Hyderabad

Gold and silver storm to records

GOLD AND SILVER climbed to records in a broad-based metals rally as the US Justice Department threatened the Federal Reserve with a criminal indictment, reviving concerns over the central bank's independence.

time to read

1 min

January 13, 2026

Financial Express Hyderabad

Capex budget may increase to ₹12.5L cr

AKEYAREA where much of the incremental outlay may be directed is the Centre’s grant-like scheme for special assistance to states for capital investment (SASCI).

time to read

1 mins

January 13, 2026

Financial Express Hyderabad

Wheat sowing rises 2% to 33.4 million hectare

AREA UNDER COVERAGE for wheat rose 2% to 33.4 million hectares till January 9 of the ongoing rabi (wintersown) season, according to the government data.

time to read

1 min

January 13, 2026

Financial Express Hyderabad

Apple tops 2025 smartphone mkt

GLOBAL SMARTPHONE SHIPMENTS rose 2% year- on-year in 2025, lifted by stronger demand and eco- nomic momentum in emerging markets, Counter- point Research said on Mon- day. Apple led the market with a 20% share, the largest among the top five brands, supported by solid demand in emerging and mid-sized markets and strong sales of the iPhone 17 series, said Counterpoint analyst Varun Mishra.

time to read

1 min

January 13, 2026

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