xAI Raises $20B Series E to Scale Grok and Build World's Largest AI Infrastructure

Source: CryptoNewsNet Original Title: xAI raises $20B Series E to scale Grok and build world’s largest AI infrastructure Original Link:

Overview

xAI, the artificial intelligence company founded by Elon Musk, announced it has raised $20 billion in a Series E funding round, exceeding its $15 billion target.

The oversubscribed round drew participation from Valor Equity Partners, Stepstone Group, Fidelity, Qatar Investment Authority, MGX, and Baron Capital Group. Strategic investors NVIDIA and Cisco Investments also joined to support infrastructure expansion.

Capital Deployment

The funding will accelerate development of Colossus I and II, xAI’s high-performance supercomputers now running over one million H100 GPU equivalents, making them among the most powerful AI clusters in the world.

xAI will use the capital to:

• Advance the Grok platform, including the upcoming Grok 5 model
• Expand AI products across consumer and enterprise markets
• Scale infrastructure for billions of users

Product Ecosystem

The company’s AI ecosystem includes:

• Grok Voice: A multilingual voice agent deployed across Tesla vehicles
• Grok Imagine: A multimodal image and video generation suite
• Grok on X: A platform-integrated assistant trained on real-time global events

xAI reports over 600 million monthly active users across the X and Grok platforms. With Grok 5 in training and new applications in development, the company plans to expand its reach to billions of users as part of its core mission to understand the universe.