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Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. Elon’s xAI raises $20B, said to be valued above $230B

xAI said it sought to raise $15B but secured $20B amid strong investor demand.
Fidelity, the Qatar Investment Authority, MGX, StepStone Group, and Valor Equity Partners are among the investors.
NVIDIA and Cisco Investments participated as strategic backers.
Early 2026: Grok 5 is expected to be released, xAI said.
xAI counts 600M monthly active users across X and Grok.

Representational image generated using ChatGPT.

Goldman Sachs and JPMorgan Chase are reportedly working with Discord on the listing.
The filing follows Jason Citron’s CEO exit ~8 months ago.
Discord reported 200M+ monthly users in Dec.

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