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Elon Musk's xAI raises $20b in the latest funding round
January 08, 2026
|Gulf News
The oversubscribed round draws support from firms like Nvidia
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Elon Musk's artificial intelligence startup xAI announced yesterday it has raised $20 billion in its latest funding round, surpassing its initial $15 billion target as the company accelerates development of its Grok AI models.
Founded by Musk, xAI competes in an increasingly crowded generative AI market against OpenAI, Google, Perplexity and Anthropic, among others.
هذه القصة من طبعة January 08, 2026 من Gulf News.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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