Elon Musk’s xAI Raises $15 Billion In Latest Round As It Looks To Fund GPU Purchases: Report

Elon Musk-backed artificial intelligence startup, xAI, has reportedly raised $15 billion in its latest round of fundraising.

According to a report by CNBC citing sources familiar with the matter, the AI startup is valued at $200 billion. It added that xAI will use the capital to fund purchases of graphics processing units (GPU) to train its large language models.

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