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Elon Musk's xAI just closed a massive funding round—$20 billion in Series E, crushing past its original $15B target. Heavy hitters on the cap table include NVIDIA and Cisco Investments, signaling serious confidence in the venture's potential.
What's notable here? When giants like NVIDIA are backing an AI play, it usually means something's cooking beyond the hype cycle. This kind of capital influx typically cascades through adjacent markets—hardware, infrastructure, and yeah, even alternative asset classes get shaken up when big money starts flowing into emerging tech bets.
The funding exceeding expectations by a third isn't trivial either. It reflects genuine appetite from institutional players betting on AI's next chapter.