Reported about 14 hours ago
Elon Musk's artificial intelligence startup, xAI, anticipates generating over $13 billion in annual earnings by 2029, as reported by Bloomberg. Morgan Stanley, involved in a $5 billion debt sale for xAI, has provided potential investors with financial insights, revealing that gross revenue for xAI could reach $1 billion by the end of this year and $14 billion by 2029. The company's ambitious plans are set against a backdrop of high spending on tech infrastructure and a public feud involving Musk.
Source: YAHOO