Elon Musk responds to report that xAI is burning through $1 billion a month

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 the $13 billion it plans to spend. The company is also expecting to receive a $650 million rebate from a hardware manufacturer.Read Entire Article

Jun 19, 2025 - 19:30
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Elon Musk responds to report that xAI is burning through $1 billion a month

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 the $13 billion it plans to spend. The company is also expecting to receive a $650 million rebate from a hardware manufacturer.

Read Entire Article