Elon Musk’s xAI raises $20B Series E to Turbocharge Grok and AI Infrastructure

Elon Musk’s xAI raised $20B in Series E funding, surpassing its $15B target, with backers like Fidelity, Nvidia, and Qatar Investment Authority. Estimated at a $230B valuation, funds boost data centers such as Memphis’ Colossus and enhance Grok models. With 600M users and new Grok 4 launch, xAI expands rapidly but faces global probes over deepfake and CSAM issues.