Musk-Backed xAI Hits Jackpot with $20B Series E, Far Exceeding Initial Fundraising Expectations

January 7, 2026 – Elon Musk’s AI startup, xAI, made a significant announcement today, revealing that it has successfully closed a massive 20billionSeriesEfundinground,surpassingitsinitialtargetof15 billion. According to xAI, the round attracted investments from a diverse group of high-profile backers. Valor Equity Partners, Fidelity, and the Qatar Investment Authority (QIA) were among the key institutional investors. Additionally,…

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NVIDIA CEO Declares Deepseek-R1 a Stunning Open-Source Triumph

January 6, 2026 – At CES 2026, NVIDIA’s CEO Jensen Huang unveiled the cutting-edge Vera Rubin chip, along with a suite of innovative models and datasets spanning four key sectors: language processing, robotics, autonomous driving, and healthcare. These advancements are set to further accelerate AI innovation across industries. Huang emphasized that open-source models have now…

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SoftBank Finalizes $22.5B Boost to OpenAI, Secures ~11% Stake

December 31, 2025 – SoftBank Group Corp. announced today that it has fully completed its previously pledged investment in OpenAI. On December 26, the Japanese conglomerate injected an additional 22.5billionintotheartificialintelligence(AI)researchlab,fulfillingitsMarchcommitmenttoinvestupto30 billion in two phases. With this latest infusion, SoftBank now holds approximately an 11% stake in OpenAI. The total investment commitment, which has now reached…

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