Elon Musk’s AI company xAI, which also owns X, has successfully completed its Series E funding round with significant oversubscription, raising $20 billion—five billion more than originally targeted. Investors include Valor Equity Partners, Stepstone Group, Fidelity Management & Research Company, the Qatar Investment Authority, MGX, and Baron Capital Group. Strategic partners NVIDIA and Cisco Investments are also participating, supporting xAI in expanding computing infrastructure and building