Tag: bloomberg
xAI Burns $1B a Month, Eyes $9.3B Raise to Fuel AI Ambitions
Source: xAI eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More. xAI reportedly spends $1 billion a month to build its advanced AI models and is attempting to raise $9.3 billion in debt and equity, according to sources cited by Bloomberg. The…
Musk Denies xAI Burns $1B a Month, Says It’s ‘Nonsense’
Elon Musk. Image: Image: SpaceX/YouTube eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More. xAI reportedly spends $1 billion a month to build its advanced AI models and is attempting to raise $9.3 billion in debt and equity, according to sources cited…