xAI raised $20 billion in a major funding round to advance its quest for artificial general intelligence.

xAI, Elon Musk's AI startup, has raised $20 billion in a Series E funding round, one of the largest in AI history, to advance its pursuit of artificial general intelligence. The investment will fuel research, infrastructure, and hiring as the company intensifies efforts in a competitive AI landscape. While details on investors are sparse, the round reflects strong market confidence in xAI's long-term vision despite ongoing scrutiny over its AI models, including concerns about deepfake technology.