PANews
PANews|Jan 09, 2026 01:13
[Quarterly Losses of Musk's xAI Further Expand] According to foreign media citing internal documents, Elon Musk's xAI is rapidly burning through funds, with its losses continuing to deepen due to significant investments in building data centers, recruiting talent, and developing software that will eventually power humanoid robots. The documents reveal that xAI posted a net loss of $1.46 billion in the third quarter, up from $1 billion in the first quarter. In the first nine months of 2025, the company spent a total of $7.8 billion in cash. According to sources familiar with the matter, like other fast-growing AI startups, the funds raised by xAI in its recent financing round are being deployed at a rapid pace. During an investor conference call, senior executives at xAI informed investors that the company's current core focus is accelerating the development of AI agents and other software products. These products will feed into what is referred to as 'Macrohard'—a term Musk has explained as a play on words referencing a pure AI software company, derived from a pun on 'Microsoft'—until they ultimately provide technical support for Optimus.
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