XAI is on track to spend $13 billion by 2025, incurring costs of over $1 billion each month.
Even with a $9.3 billion fundraising effort, xAI projects only $500 million in revenue for the year, severely lacking compared to competitors like OpenAI.
Despite financial strain, xAI believes it has an edge by owning high-powered chips rather than renting them, leveraging data from its merger with the X platform.
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