The post Elon Musk’s xAI secures $15 billion in fresh funding, reaches $200 billion valuation appeared on BitcoinEthereumNews.com. Key Takeaways xAI has expanded its latest funding round to $15 billion, boosting the company’s valuation to around $200 billion. The raise is expected to fund large-scale GPU purchases as xAI accelerates development of its foundational models xAI, Elon Musk’s artificial intelligence company, has secured $15 billion in new funding, CNBC reported today. The round expands the $10 billion raise previously reported in September and values the company at roughly $200 billion. Much of the capital will be used to acquire the GPUs needed to train large-scale AI systems. The investment comes amid soaring valuations for AI companies, including Anthropic’s recent $13 billion raise and OpenAI’s $6.6 billion share sale at a $500 billion valuation. The surge in funding reflects intense demand for foundational models across the tech industry. Source: https://cryptobriefing.com/xai-raises-15b-series-e-cnbc/The post Elon Musk’s xAI secures $15 billion in fresh funding, reaches $200 billion valuation appeared on BitcoinEthereumNews.com. Key Takeaways xAI has expanded its latest funding round to $15 billion, boosting the company’s valuation to around $200 billion. The raise is expected to fund large-scale GPU purchases as xAI accelerates development of its foundational models xAI, Elon Musk’s artificial intelligence company, has secured $15 billion in new funding, CNBC reported today. The round expands the $10 billion raise previously reported in September and values the company at roughly $200 billion. Much of the capital will be used to acquire the GPUs needed to train large-scale AI systems. The investment comes amid soaring valuations for AI companies, including Anthropic’s recent $13 billion raise and OpenAI’s $6.6 billion share sale at a $500 billion valuation. The surge in funding reflects intense demand for foundational models across the tech industry. Source: https://cryptobriefing.com/xai-raises-15b-series-e-cnbc/