Tesla (TSLA) CEO Elon Musk’s artificial intelligence company, xAI (X.AI), has raised $15B in its latest funding round, according to a report by CNBC.
The funding round had garnered $10B by September, which propelled xAI to a valuation of $200B. It has since raised another $5B, elevating the current round to $15B. The report said much of the funds raised will be directed for the purchase of graphics processing units, or GPUs.
xAI uses GPUs from both Nvidia (NVDA) and AMD (AMD). xAI’s Colossus supercomputer in Memphis, Tenn., contains 200,000 GPUs, but xAI has said it has a roadmap for 1M GPUs.
xAI is the creator of the Grok large language model.