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xAI has just announced the results of a new funding round, with a total fundraising amount of $20 billion, surpassing the initial target of $15 billion. This round of investment features an impressive lineup—top institutions such as Valor Equity Partners, StepStone Group, Fidelity Funds, Qatar Investment Authority (QIA), MGX, Baron Capital Group, and others have all participated. More notably, the inclusion of NVIDIA and Cisco as strategic investors indicates that AI infrastructure development is attracting increasing participation from major tech giants. The increase in the scale of this funding round reflects the continued optimism of global capital towards the prospects of AI development and also suggests that the demand for related hardware and software solutions is accelerating.