Overview

• CNBC reports xAI closed a $10 billion round that values the company at $200 billion post‑money, citing sources close to the deal.
• The raise follows a roughly $10 billion debt and equity infusion weeks earlier at about a $150 billion valuation, after a $6 billion round last December.
• Sources say much of the cash will fund data centers packed with Nvidia GPUs required for next‑generation model training, alongside high‑cost hiring.
• Reporting also points to construction of a major computing cluster in Memphis, Tennessee, to expand training capacity.
• xAI’s Grok is widely viewed as trailing top models from OpenAI and Anthropic, as the sector sees massive financings including Anthropic’s $13 billion at $183 billion and an OpenAI secondary valuing it at $500 billion.