xAI to Raise $20 Billion After Nvidia and Others Boost Round

Bloomberg Technology•Tuesday, October 7, 2025 at 11:11:16 PM

Elon Musk's artificial intelligence startup xAI is set to raise an impressive $20 billion, significantly more than initially anticipated. This funding round has attracted major backers, including Nvidia Corp., highlighting the growing interest and investment in AI technologies. This development is crucial as it not only strengthens xAI's position in the competitive AI landscape but also reflects the increasing confidence investors have in the future of artificial intelligence.

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