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AI infrastructure just hit another milestone. xAI completed a $20 billion Series E funding round—exceeding its original $15 billion target. The oversubscribed round signals strong institutional confidence in the AI compute space.
Backing the round are heavyweight investors including Valor Equity Partners and StepStone, among others. The capital influx is earmarked for accelerating AI model development and scaling infrastructure capabilities.
This funding surge reflects the ongoing competition for AI dominance and the massive capital requirements to build competitive models. For the crypto and Web3 community watching AI infrastructure plays, this underscores how traditional finance and venture capital are betting heavily on the space.