PANews reported on January 9th that, according to internal documents cited by foreign media, Elon Musk's xAI is rapidly burning through cash, with its losses escalatingPANews reported on January 9th that, according to internal documents cited by foreign media, Elon Musk's xAI is rapidly burning through cash, with its losses escalating

Musk's xAI suffered further quarterly losses.

2026/01/09 09:13

PANews reported on January 9th that, according to internal documents cited by foreign media, Elon Musk's xAI is rapidly burning through cash, with its losses escalating due to massive investments in building data centers, hiring talent, and developing software that will ultimately power humanoid robots. The documents show that xAI reported 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 has burned through $7.8 billion in cash. According to sources, like other rapidly growing AI startups, xAI's funds raised in its recent funding round are being rapidly deployed. In an investor call, xAI executives told investors that the company's core focus is currently accelerating the development of AI agents and other software products. These products will be integrated into what is known as "Macrohard"—Musk explained as a pun on the name of a pure AI software company, Microsoft—until ultimately providing technical support for Optimus.

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