xAI just closed a Series E funding round that hit $20 billion—well beyond its original $15 billion target. The oversubscription shows serious institutional appetite for the project. What's particularly noteworthy is the caliber of strategic backers joining the round: Nvidia and Cisco both made substantial investments, signaling mainstream tech giants' confidence in AI infrastructure plays within the Web3 space. This kind of capital injection from legacy tech players typically opens doors for broader adoption and legitimacy. The momentum here reflects growing recognition that AI integration isn't just hype—it's becoming central to how next-gen platforms operate. Keep an eye on how xAI deploys this capital and what partnership announcements follow.