SIASUN(SZ:300024) 智通财经网·2026-01-09 02:37Core Viewpoint - xAI, an AI company owned by Elon Musk, is rapidly consuming funds due to significant investments in data center construction, talent recruitment, and software development, leading to increasing losses [1][3] Financial Performance - xAI reported a net loss of $1.46 billion in Q3 last year, up from $1 billion in Q1 of the same year; total cash expenditures reached $7.8 billion in the first nine months [1] - Revenue for xAI nearly doubled to $107 million in the three months ending September 30, 2025 [2] - The company has accumulated at least $40 billion in equity funding, including a recent $20 billion round that valued the company at $230 billion [3] Operational Focus - The company aims to develop self-sustaining AI to support humanoid robots, with a focus on building AI agents and integrating them into a software system referred to as "Macrohard" [1] - xAI is expanding its Colossus data center in Memphis, Tennessee, with plans for further expansion and increased computational capacity [3] Management Changes - New management includes CFO Anthony Armstrong and Jon Shulkin, who joined xAI in late 2022; the previous CFO left after only three months [4] Profitability Challenges - Despite revenue growth, xAI's EBITDA remains negative at -$2.4 billion, indicating that expenses are not yet covered by earnings; the company had initially projected an EBITDA of -$2.2 billion for the year [6]