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AI News from ET - Elon Musk's xAI quarterly net loss widens to $1.46 billion: Bloomberg

Vishwadeep Khatri
in AI News & Two Lenses

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Elon Musk’s AI firm xAI posted a net loss of $1.46 billion for the September quarter, despite revenue almost doubling to $107 million, according to a report by Bloomberg. However, when contacted ‌by ‍Reuters for comment, xAI ‍replied with the message, "Legacy Media Lies." This comes as xAI announced a $20 billion funding round to expand its AI capabilities.

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