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AI / funding / Grok

xAI raises $20bn and launches enterprise offering amid global Grok backlash

The Elon Musk-lead company is funding its data centre build out and product expansion for the business market.

By Noah Bovenizer

Updated Jan 9, 2026 11:29 AM / Published Jan 7, 2026 2:08 PM 2 min read

The homepage for xAI's Grok chatbot — Image credit: https://unsplash.com/@salvadorr

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Noah Bovenizer

Noah Bovenizer is a reporter with The Stack. He previously covered the transportation sector for Global Data. He has a first class degree in journalism and has also worked as a newsreader for Gaydio.