Elon Musk attends the U.S.-Saudi Investment Forum successful Washington, D.C., U.S., November 19, 2025.
Evelyn Hockstein | Reuters
Elon Musk's xAI said it raised $20 cardinal successful a backing round, exceeding its anterior people of $15 billion.
CNBC reported successful November that a financing would worth the artificial quality startup astatine astir $230 billion.
Investors included Nvidia and Cisco Investments arsenic good arsenic long-time Musk institution backers Valor Equity Partners, Stepstone Group, Fidelity, Qatar Investment Authority, Abu Dhabi's MGX and Baron Capital Group.
Both Nvidia and Cisco enactment with xAI arsenic vendors and strategical partners.
AI startups reached sky-high valuations successful 2025, raising monolithic amounts of superior to powerfulness seemingly endless request for their foundational models. In October, OpenAI closed a $6.6 cardinal stock merchantability astatine a $500 cardinal valuation, and a period aboriginal Anthropic was valued astatine astir $350 billion, with superior coming from Microsoft and Nvidia.
Musk's AI task present owns and operates his societal web X aft merging with the company, formerly known arsenic Twitter, successful March.
WATCH: xAI raises $20 billion
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