Elon Musk’s xAI raises $20B funding round backed by Nvidia and Cisco

Large language model developer xAI Corp. today announced that it has raised $20 billion in late-stage funding. The Elon Musk-backed company says that Nvidia Corp. and Cisco Systems Inc. participated in the Series E round. They were joined by Valor Equity Partners, Stepstone Group, Fidelity Management & Research, Qatar Investment Authority, MGX, Baron Capital Group […]
The post Elon Musk’s xAI raises $20B funding round backed by Nvidia and Cisco appeared first on SiliconANGLE.