Particle.news
Download on the App Store
7 ARTICLES
·
4h ago

Sources Say xAI Raised $10 Billion at a $200 Billion Valuation

Sources describe plans to channel the cash into GPU‑loaded data centers, with hiring to advance next‑generation models.

Image
Image
Image

Overview

  • CNBC’s David Faber, citing unnamed sources, reported the round and valuation, and the company has not issued a detailed confirmation.
  • The reported deal comes weeks after a separate $10 billion debt‑and‑equity infusion that was believed to value xAI near $150 billion.
  • Reporters say the new capital is expected to fund large data centers stocked with Nvidia and AMD GPUs and to recruit specialized talent.
  • xAI is reported to be building a major computing cluster in Memphis, Tennessee, to expand training capacity for future models.
  • Grok, xAI’s chatbot, is widely viewed as trailing Anthropic’s Claude and OpenAI’s GPT models, even as sector financings include Anthropic’s $13 billion at $183 billion and an OpenAI secondary valuing it at $500 billion.