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Elon Musk AI company xAI has completed a $20 billion Series E funding round, exceeding market expectations of $15 billion. The round included participation from multiple institutional and strategic investors, including NVIDIA and Cisco.
The funds will be used to accelerate compute infrastructure expansion and the development of next-generation AI products. xAI’s products currently reach around 600 million monthly active users.
WRITER’S INTRO
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