xAI closes $20 billion funding round, says Grok 5 in training

The money overshoots their $15 billion target, and comes from regular and strategic investors combined. The latter would be Nvidia and Cisco Investments, who also contribute hardware for their data center expansions.

The cash will go to infrastructure buildout — which now includes over 1 million «H100 equivalents» — to facilitate the rollout of future models, and xAI says in their release that Grok 5 is «currently in training.»

They also reveal that Grok has around 600 million monthly active users across x.com and the Grok app.

Grok may be popular, especially on x.com, but it does cut corners to get there, from sex-crazed companions to recently letting users «undress» real women posting selfies to x.com.

This round of funding should value the company somewhere north of $230 billion, writes CNBC

Read more: xAI’s release, writeups on CNBC, Reuters, TechCrunch.