## xAI secures $20 Billion in Series E Funding xAI has announced that it has raised a substantial $20 billion in a Series E funding round. Nvidia is among the many investors that participated in the operation. However, the company has not disclosed whether these investments come in the form of equity or debt. Further financial details have not been released. ## Background Founded by Elon Musk, xAI focuses on developing artificial intelligence models. The significant funding just obtained demonstrates investors' confidence in the company's potential and the artificial intelligence sector in general. Competition in the field of AI is increasingly fierce, with companies investing heavily in research and development to improve their deliveries.