Musk's xAI announced that it has raised $20 billion in a round of financing, surpassing the previous target of $15 billion. This round of funding will bring the AI startup's valuation to around $230 billion. Investors include Nvidia and Cisco investments, as well as Valor Equity Partners, Stepstone Group, Fidelity Investments, Qatar Investment Authority, MGX in Abu Dhabi, and Barron Capital Group, which have long supported Musk's companies.

Musk's xAI announced that it has raised $20 billion in a round of financing, surpassing the previous target of $15 billion. This round of funding will bring the AI startup's valuation to around $230 billion. Investors include Nvidia and Cisco investments, as well as Valor Equity Partners, Stepstone Group, Fidelity Investments, Qatar Investment Authority, MGX in Abu Dhabi, and Barron Capital Group, which have long supported Musk's companies.