Earlier this year, on May 27, xAI also received a substantial $6 billion investment from eminent firms such as Sequoia Capital, King Street Capital, and Saudi Prince Alwaleed Bin Talal, bringing the total funding raised in just one year to an impressive $12 billion, with a valuation exceeding $50 billion.

In a remarkable turn of events, xAI’s fundraising achievements have outmatched that of industry leader OpenAI, which secured a total of $10.6 billion in funding (including a $4 billion loan from banks) this year, thereby establishing xAI as the world’s most capitalized entity within the tech sector.

Since completing its Series B funding in May, xAI has made considerable strides in technological development, culminating in the establishment of Colossus, the largest AI supercomputer globally

This behemoth has been constructed using NVIDIA’s comprehensive reference design and is equipped with up to 100,000 NVIDIA Hopper GPUs.

In stark contrast to the years usually required for such infrastructure development in the industry, Colossus was operational in just 122 days, commencing its workload a mere 19 days after the first servers were deliveredxAI plans to double Colossus’s scale, aiming for a total of 200,000 GPUs by leveraging the NVIDIA Spectrum-X Ethernet networking platform.