Nvidia is among the many investors, but xAI has not disclosed if these investments come in the form of equity or debt.

Speaking of semiconductors: Nvidia CEO Jensen Huang said yesterday that there is "very high" demand in China for its H200 artificial intelligence chips. He said the company has restarted production of the chips and is ironing out final details on export licenses with the U.S. government, which has signal it would approve them.

The company behind the Grok large language model said that investors in the funding round included the Qatar Investment Authority, Valor Equity Partners, Stepstone Group, MGX and Baron Capital Group,

AI completed its upsized Series E funding round, exceeding the $15 billion targeted round size, and raised $20 billion. Investors participating in the round

Elon Musk's xAI raised $20 billion from Nvidia, Cisco, and other investors, exceeding its $15 billion target at a $230 billion valuation.

The chatbot is taking heat from around the world after creating inappropriate images of children that were posted on X, the Bastrop-based social media platform.

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The massive funding rounds continue a pattern from last ...

Valor Equity Partners has raised $5.4 billion to buy Nvidia GPUs for xAI. The investment firm has set up Valor Compute Infrastructure (VCI), which will buy and lease data center infrastructure to Elon Musk’s company.