xAI is accused of losing $1 billion a month, Musk calls Bloomberg “nonsense” – Passionategeekz

Passionategeekz On June 19, Bloomberg News released a report on the AI ​​startup xAI of Elon Musk today.Claims the company’s monthly losses of up to $1 billion(Passionategeekz Note: The current exchange rate is approximately RMB 7.19 billion). However, Musk firmly denied this claim on social platform X, saying Bloomberg’s report was “nonsense.”

Bloomberg’s report painted a grim picture of xAI’s financial situation, citing so-called “people who are familiar with the story” that xAI’s costs in building advanced AI models far exceed the company’s limited revenue, resulting in a monthly loss of $1 billion. The report also claimed that xAI plans to spend more than half of its proposed $9.3 billion financing within three months and is expected to suffer a $13 billion loss in 2025. In addition, the report also pointed out that the $14 billion raised by xAI since 2023 has only $4 billion left in the first quarter of 2025, and these funds will almost run out in the second quarter.

xAI did not comment on Bloomberg’s report, but Musk pointed out in response to the report cited by an X user on social platform X: “Bloomberg is talking nonsense.” However, he did not further explain why the report was wrong.

Despite the negative claims made by Bloomberg, even the media acknowledges that the prospects for xAI are bright. Today, xAI has been merged with the X platform, and plans to use the platform’s huge data archive for model training, which may make it more cost-effective than competitors such as OpenAI. In addition, by connecting to the X platform, xAI can also obtain real-time information from users around the world.

The valuation of xAI was reported to soar to $80 billion in the first quarter of 2025, up from $51 billion in 2024. The company has attracted heavyweight investors including Andreessen Horowitz, Sequoia Capital and VY Capital. Optimistic forecasts show that xAI may achieve profitability in 2027. This will be an amazing achievement, as xAI rival OpenAI still expects to achieve positive cash flow in 2029.

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