xAI completes $20 billion Series E funding, NVIDIA and Cisco participate strategically

PANews January 7 News, according to xAI’s official announcement, its Series E funding round exceeded the original target of $15 billion, ultimately raising $20 billion. Participants include Valor Equity, Stepstone, Fidelity, Qatar Sovereign Fund, Baron, and others. Strategic investors include NVIDIA and Cisco. The funds will accelerate the construction of the world’s largest GPU cluster and AI infrastructure. By 2025, xAI will achieve breakthroughs in Grok series models, voice assistants, image generation, and integration with the X platform, reaching 600 million monthly active users. The Grok 5 model is currently in training, and the company will continue to develop AI products for consumers and enterprises.