xAI completes $20 billion Series E financing, with strategic participation from NVIDIA and Cisco

PANews, January 7th – According to an official announcement from xAI, its Series E financing exceeded the original target of $15 billion, ultimately raising $20 billion. Participants included Valor Equity, Stepstone, Fidelity, Qatar Sovereign Fund, Baron, and others, with strategic investors such as NVIDIA and Cisco. The funds will accelerate the construction of the world's largest GPU cluster and AI infrastructure. In 2025, xAI is expected to achieve breakthroughs in the Grok series models, voice assistants, image generation, and integration with the X platform, reaching 600 million monthly active users. The Grok 5 model is currently in training, and the company will continue to advance the development of AI products for both consumers and enterprises in the future.