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Tagged: xAI

AI Adoption : Colossus 2 Supercomputer for Grok Now Operational, Will Have Significant Implications for Fintech Platforms

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xAI has activated its Colossus 2 supercomputer, marking it as the inaugural gigawatt-level training cluster globally. This milestone, shared by billionaire tech entrepreneur Elon Musk on X, underscores xAI’s rapid advancement in scaling AI capabilities, with plans to boost capacity to 1.5 gigawatts by April…. Read More

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xAI Announces $20 Billion Series E to Expand Grok and Construct Large AI Network

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xAI has reportedly closed a $20 billion Series E funding round. Announced on January 7, 2026, this infusion of capital is set to propel the company’s ambitious goals, focusing on enhancing its flagship AI model, Grok, and establishing what could become the planet’s most extensive… Read More

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Republic Creates Special Purpose Vehicle (SPV) to Purchase Shares of xAi, Offers Access to Investors

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 xAI, the artificial intelligence (AI) firm started by Elon Musk and incorporated into his social media platform X (Grok), is actively pursuing a funding round that aims to raise $15 billion at a pre-money valuation of $230 billion. The funding round is expected to close… Read More

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