MUSK'S XAI BURNS ALMOST $8 BILLION IN CASH, REVEALS OPTIMUS PLAN
xAI's losses are mounting as it spends to build data centers, recruit talent, and develop software that will eventually power humanoid robots. The company reported that it spent $7.8 billion in cash in the first nine months of last year. Its revenue nearly doubled quarter-over-quarter to $107 million for the three-month period ending in September. xAI expects to do more deals soon to continue building out its Colossus data center site in Memphis, Tennessee.