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Funding Trends

xAI Closes $20 Billion Round Backed by Nvidia and Cisco to Scale Colossus and Train Grok 5

The cash positions the company to expand GPU capacity despite intensifying investigations into Grok’s non-consensual image generation.

Stanford Payroll Study Finds GenAI Is Cutting Entry-Level Hiring for Young Workers

Meta Completes $14.3 Billion Deal to Acquire 49% of Scale AI and Appoint CEO to Lead Superintelligence Lab