Elon Musk's xAI Is Spending Nearly $1 Billion A Month As AI Ambitions Outpace Revenue, Internal Documents Show: Report

Elon Musk's AI venture xAI is reportedly amassing significant losses as it spends on infrastructure, talent and software.xAI Losses Mount As Spending AcceleratesGrok-parent xAI reported a net loss of $1.46 billion in the September quarter, reported Bloomberg on Thursday, citing internal financial documents. This is up from about $1 billion in the first quarter. In fact, in the first nine months of 2025, the AI startup spent $7.8 billion in cash.This comes despite xAI generating $107 million in revenue for t ...