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- Elon’s xAI raises $20B, said to be valued above $230B
Elon’s xAI raises $20B, said to be valued above $230B
Bay Area Times
January 07, 2026
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Top stories today:
- Elon’s xAI raises $20B, said to be valued above $230B
- Discord said to file confidentially for IPO
- LMArena raises $150M Series A at $1.7B valuation
- Meta Ray-Ban Display adds teleprompter, EMG handwriting
- Roborock unveils stair-climbing robot vacuum with legged design
- NuraLogix unveils AI longevity mirror with 30-second health scans
0. Calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
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.
2. Discord said to file confidentially for IPO
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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4. LMArena raises $150M Series A at $1.7B valuation, months after $100M seed
