Elon Musk’s xAI Burning Through $1 Billion Monthly as It Seeks Funding
AI startup pushing $9.3 billion raise amid high cash burn
Elon Musk’s AI startup xAI is reportedly spending over $1 billion per month and is now in discussions to raise $9.3 billion in debt and equity financing to support rapid expansion of its AI infrastructure and data centres :contentReference[oaicite:3]{index=3}.