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xAI gets $20 bn funding with Nvidia backing
January 08, 2026
|Financial Express Mumbai
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.
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.
هذه القصة من طبعة January 08, 2026 من Financial Express Mumbai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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Nearly 73% fertiliser demand met via domestic output: Govt
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1 mins
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