Thailand Inflation Remains Negative for 10th Straight Month in January 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure 
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.
