## xAI Attracted Over $20 Billion in Extended Series E Round: Musk Counts on New Capital

In the second half of the week, the artificial intelligence company xAI, founded by Elon Musk, announced the successful completion of a Series E round with an additional capital raise of $20 billion—an amount significantly exceeding the initial plan of $15 billion.

### Investor Composition and Strategic Support

The pool of investors supporting the project turned out to be broad. Major shareholders in this expansion round include Valor Equity Partners, StepStone Group, and Fidelity Management & Research Company. Qatar Investment Authority also played a significant role, demonstrating growing interest in the advanced technology segment.

Interestingly, representatives from computing giants Nvidia and Cisco Investments joined the fundraising process. Their participation is viewed not only as financial but also strategic: such partners are expected to provide xAI with substantial support in building large-scale computing infrastructure.

### Use of Funds

The raised billions will be directed toward several key areas. First, the company will accelerate the development of the next generation of its AI models, including Grok 5. Second, additional capital will go toward improving and expanding data centers. Third, xAI has secured resources to speed up the commercialization of its developments and support ongoing research projects.

### Market Position

xAI actively positions itself as a serious player in the global AI race. The company is increasing the capacity of its computing systems, aiming to compete with projects from OpenAI and Alphabet. Despite ongoing debates about the possible overvaluation of the AI segment, investment appetite in this sphere remains extremely high—organizations worldwide are decisively investing in infrastructure and innovative solutions.

This influx of capital indicates that key market players see long-term potential in developing advanced AI systems and consider xAI a promising platform for investment.