Overview
- The reported Series E totals $15 billion, according to CNBC, which cited sources familiar with the matter.
- The new capital adds about $5 billion to a previously reported $10 billion raise in September that pegged xAI’s valuation at roughly $200 billion.
- xAI did not provide on-the-record confirmation, replying to Reuters with an apparent automated message saying “Legacy Media Lies,” and Elon Musk did not immediately respond to comment requests.
- A large share of the funds is expected to go toward graphics processing units used to train large language models, the outlets reported.
- xAI has been expanding data-center capacity, including buying property in Memphis for its planned Colossus supercomputer, as it seeks to compete more directly with OpenAI and Anthropic.