xAI

xAI Raises $20B Series E

xAI successfully closed an upsized Series E funding round, raising $20 billion, exceeding its $15 billion target. This significant capital injection, supported by strategic investors like NVIDIA and Cisco Investments, will accelerate the company's infrastructure buildout, including its AI supercomputers, and fuel the development of transformative AI products like Grok 5.

xAI Announces $20 Billion Mississippi Data Center Investment Amid Expanding AI Operations

xAI committed over $20 billion to establish a new data center in Southaven, Mississippi, with operations slated to begin in February 2026. This massive investment underscores xAI's aggressive expansion strategy to bolster its compute capabilities and support its growing AI operations.

Tesla backs Musk's xAI with $2 billion, keeps Cybercab on 2026 track

Tesla provided $2 billion in backing to xAI, demonstrating a strong inter-company strategic alignment within Elon Musk's ventures. This financial support highlights a collaborative effort to advance AI development, potentially integrating xAI's capabilities into future Tesla projects like the Cybercab.

Google to pay $920 million to SpaceX-xAI monthly for AI data center capacity

Google will pay SpaceX $920 million a month to use xAI's data centers

British MP sues Elon Musk's xAI over Grok deepfake images

Jess Asato sues Musk’s xAI over deepfakes as Starmer extends support

British lawmaker sues Elon Musk’s xAI over generating deepfake image, says ‘Its ability is not an accident, nor misuse, it is a …’