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xAI just closed a massive Series E funding round at $20 billion, smashing initial expectations that hovered around $15 billion. The funding blitz signals serious momentum in the AI infrastructure race.
Nvidia stepped up as a strategic investor, betting big on xAI's ambitions to build and deploy some of the world's most powerful GPU clusters. This partnership underscores the critical role of compute infrastructure in the AI buildout happening right now.
The round's size and backer lineup—anchored by a heavyweight like Nvidia—paint a picture of where serious capital is flowing in tech. If you've been watching the AI space, this is a reminder that we're still navigating early innings of this cycle.