The rate at which the company is bleeding cash provides a stark illustration of the unprecedented financial demands of the artificial intelligence industry, particularly at xAI, where revenues

Citing the usual anonymous people familiar with the matter, Bloomberg writes that the $500 million that xAI will earn this year looks positively tiny next to

Elon’s xAI is burning over $1 billion every month and plans to spend $13 billion in 2025. The company is raising $9.3 billion but expects to use more than half of it in just three months. xAI expects only $500 million in revenue this year while OpenAI projects $12.7 billion.