"Elon Musk's artificial intelligence startup xAI is burning cash quickly, with losses mounting as it spends to build data centers, recruit talent and develop software that will eventually power humanoid robots, according to internal documents. XAI reported a net loss of $1.46 billion for the September quarter, up from $1 billion in the first quarter, the documents reviewed by Bloomberg show."
"In the first nine months of the year, it spent $7.8 billion in cash. Like other fast-growing AI startups, xAI is quickly using what it raised in recent funding rounds, it said in its most recent earnings report and a call that xAI executives held with investors, according to people familiar with the matter. The company told investors that its goal is to build AI that is self-sufficient and that will eventually power humanoid robots like Optimus"
xAI is spending heavily to build data centers, recruit talent and develop software intended to power humanoid robots. The company reported a net loss of $1.46 billion for the September quarter, up from $1 billion in the first quarter, and spent $7.8 billion in cash in the first nine months of the year. Revenue nearly doubled quarter-over-quarter to $107 million for the period ended Sept. 30, 2025. Leadership said the core focus is building AI agents and software that will feed into a platform called Macrohard and ultimately power Optimus. Executives signaled resources to continue aggressive spending and described rapid AI growth as "escape velocity."
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