Elon Musk's xAI raises $20 billion from investors including Nvidia, Cisco, Fidelity

Group 1 - Elon Musk's xAI raised $20 billion in a funding round, surpassing its initial target of $15 billion [1] - The funding round values the artificial intelligence startup at approximately $230 billion [1] Group 2 - Notable investors in this funding round include Nvidia, Cisco Investments, Valor Equity Partners, Stepstone Group, Fidelity Management & Research Company, Qatar Investment Authority, MGX, and Baron Capital Group [2]