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Story summary
- xAI reportedly raised $15 billion in a Series E round, after a prior $10 billion round valued the company at $200 billion.
- Elon Musk labeled CNBC's report as false on X.
- The funds will support graphic processing units (GPUs) for advanced AI models and expand infrastructure for a planned Memphis, Tennessee supercomputer.
- Investors remain interested in AI despite inflated valuations and spending, though xAI faces environmental criticism over energy use.
