Elon Musk’s AI firm xAI has raised $20 billion in Series E funding, exceeding their $15 billion target. Investors include Nvidia Corp. and Qatar, with plans to accelerate AI progress. NVIDIA and Cisco Investments are supporting xAI in scaling their compute infrastructure. xAI has advanced key initiatives in 2025 and is currently developing Grok 5. The company is hiring aggressively and seeking individuals to make a transformative impact. The funding round includes both equity and debt, with Nvidia contributing up to $2 billion for xAI’s Colossus 2 initiative. xAI and Musk’s X filed a lawsuit against Apple and OpenAI for allegedly colluding to block competition in the AI sector.

Read more at Nasdaq.: Elon Musk’s XAI Raises $20 Bln Funding, With Backing From Nvidia And Qatar