Wednesday, 7 January, 2026
Elon Musk’s xAI Secures $20 Billion in Funding Round Backed by NVIDIA
Elon Musk’s artificial intelligence startup, xAI, has successfully raised $20 billion in its latest funding round, with significant participation from NVIDIA. This massive capital injection aims to accelerate the development of Grok and enhance xAI's massive compute infrastructure. By deepening ties with NVIDIA, xAI strengthens its competitive position against rivals like OpenAI and Google, signaling a major escalation in the global race.
Read full story at Economic Times