Indian Stock Market Drops as Iran Conflict Fuels Oil Price and Inflation Fears 
Agentic AI Boom to Drive Massive Growth in CPU Market, UBS Says 
Dollar Rises as Strait of Hormuz Crisis Pushes Oil Prices Higher 
Trump-Iran Tensions Keep Oil Prices Elevated Amid Hormuz Supply Fears 
GOP Lawmakers Probe Sam Altman and OpenAI Ahead of Potential IPO 
Anthropic’s $1.5B AI Venture with Wall Street Firms Targets Private Equity Market 
Trump Says Iran Ceasefire ‘On Life Support’ as Oil Prices Surge Above $104 
Asian Currencies Slide as Iran Tensions Boost Dollar and Oil Prices 
Infineon Raises 2026 Outlook as AI Data Center Chip Demand Surges 
US Stock Futures Slip as Trump Rejects Iran Peace Proposal Amid Rising Middle East Tensions 
Intel Emerges as Key Contender in Apple’s Chip Manufacturing Strategy Shift 
Japan Tech Stocks Surge as AI Optimism Lifts SoftBank, Chipmakers 
China Car Sales Drop Again as EV Export Growth Surges in April 
Gold Prices Hold Firm as Traders Watch U.S.-Iran Ceasefire and Trump-Xi Talks 
Samsung Shares Slide as Labor Talks Intensify Ahead of Planned Strike 
South Korea Central Bank Signals Inflation Concerns as Oil Prices Surge 
AWS Data Center Overheating Disrupts Cloud Services in Northern Virginia 
Elon Musk’s xAI has closed a $6 billion funding round powered by NVIDIA and AMD investments. The funding will scale AI supercomputers, train Grok 3, and support the launch of innovative consumer and enterprise products.
xAI Secures $6 Billion Funding from Top Investors
According to Teslarati, xAI's $6 billion Series C financing round is now complete.
A16Z, Blackrock, Fidelity Management & Research Company, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, and Vy Capital were among the several organizations that participated in the investment round.
NVIDIA and AMD Strengthen xAI’s AI Expansion
Strategic backers NVIDIA and AMD were also involved. The companies' support for xAI's scaling infrastructure will remain unchanged.
With open arms, Elon Musk has accepted NVIDIA's investment. Musk wrote, "It’s an honor to have NVIDIA as an investor." in an X post.
Key Achievements Following Series B Success
Nothing has slowed down xAI after its May 2024 Series B fundraising round. Important technical accomplishments achieved by the AI startup include:
- Colossus: The fastest AI supercomputer ever built, with 100,000 NVIDIA Hopper GPUs, and it went live in 122 days. An increase to 200,000 GPUs is in the works.
- Grok 2: A massive language model empowered with state-of-the-art reasoning skills. X now has Grok installed, which gives it access to data in real time.
- xAI API: Offering developers access to xAI's foundational models with minimal latency and a global reach.
- Aurora: A model for generating images in Grok.
Grok 3 and New Consumer Products in Development
Grok 3, xAI's most sophisticated model to date, is undergoing training at the moment. According to a blog post by the artificial intelligence startup, new consumer and enterprise products are being developed that will make use of Grok, Colossus, and X.
The latest amount of funding will help xAI speed up its research, product development, and infrastructure. Additionally, it aids the business in creating AI systems that are trustworthy, knowledgeable, and do the most good for the human race as a whole.
An additional benefit of the financing is that it allows the AI to increase its recruitment efforts.
