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xAI secures new funding to scale computing capacity
xAI raised fresh funding to expand AI compute infrastructure, as investors focus on scaling Grok and long term monetisation amid intensifying global competition.
Elon Musk backed xAI raised 10 billion dollars in fresh funding at a valuation of 200 billion dollars to expand artificial intelligence compute capacity. The capital will be used to scale data centres and the advance development of the Grok AI model. Investors are closely watching long term monetisation prospects as competition intensifies across global generative AI platforms and infrastructure ecosystems worldwide