By @SiliconANGLE
Publication Date: 2026-01-06 23:11:00
Large language model developer xAI Corp. today announced that it has raised $20 billion in funding.
The Elon Musk-backed company says that Nvidia Corp. and Cisco Systems Inc. participated in the Series E round. They were joined by Valor Equity Partners, Stepstone Group, Fidelity Management & Research, Qatar Investment Authority, MGX, Baron Capital Group and others. In November, CNBC reported that xAI’s next funding round would value it at $230 billion.
The company will use the capital to expand its artificial intelligence infrastructure. It trains its flagship Grok series of LLMs using a supercomputer called Colossus that came online in September 2024. At the time, the system contained 100,000 graphics processing units. On occasion of today’s funding round, xAI disclosed that Colossus now hosts “over one million H100 GPU equivalents.”
Last week, Musk announced that the company had bought a new data center to expand the supercomputer’s processing capacity. The…