Elon Musk’s AI Company Raises NOK 200 Billion

Elon Musk’s AI Company Raises NOK 200 Billion

January 7, 2026 Victoria Sterling -Business Editor Business

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* xAI Funding: Elon Musk’s AI company, xAI, has raised $20 billion (over 200 billion NOK) in a new funding round, exceeding their initial goal of $15 billion.
* Investors: Key investors include Valor Equity Partners, Stepstone Group, fidelity, Qatar Investment Authority, NVIDIA, and Cisco Investments.
* Grok: xAI is the creator of Grok, an AI assistant integrated into the social media platform X (formerly Twitter).
* Use of Funds: The funding will be used to expand infrastructure and develop new AI products, including the next version of grok (Grok 5).
* Infrastructure: xAI operates large AI supercomputers (Colossus I and II) with over a million GPUs.
* Source: the information comes from xAI itself and is reported by E24.no (with a link to a related article on E24+ about investment advice from Olav Chen).