XAI Raises $20 Billion From Valor, Nvidia

XAI, Elon Musk’s AI lab, said Tuesday it had raised $20 billion from investors including Valor Equity Partners, Stepstone Group, and Fidelity, as well as Nvidia and Cisco. That’s more money than the initial $15 billion the company had targeted, at a $230 billion valuation. At that level, the ...