xAI, Elon Musk’s artificial intelligence company, has secured $15 billion in new funding, CNBC reported today.

The round expands the $10 billion raise previously reported in September and values the company at roughly $200 billion. Much of the capital will be used to acquire the GPUs needed to train large-scale AI systems.

The investment comes amid soaring valuations for AI companies, including Anthropic’s recent $13 billion raise and OpenAI’s $6.6 billion share sale at a $500 billion valuation. The surge in funding reflects intense demand for foundational models across the tech industry.