Musk burns billions to beat the AI big boys, according to new xAI profit report

Last Updated on June 19, 2025 Elon Musk’s artificial intelligence venture, xAI, is projected to incur losses of approximately $13 billion in 2025, driven by operating expenses that have reached around $1 billion per month, according to Bloomberg. This information apparently comes from investor sources that have had a cheeky look at the company’s financial … Read more