Bloomberg reports that Elon Musk's AI startup xAI is currently burning through about $1 billion every month. The main drivers are steep infrastructure and chip costs for building its Grok chatbot. According to Bloomberg's sources, xAI expects to lose $13 billion in 2025 while bringing in just $500 million in revenue. The company is aiming for profitability by 2027. To keep operations running, xAI is planning a $4.3 billion capital raise and is also seeking $5 billion in debt. In total, the company wants to bring in $9.3 billion, with more than half of that expected to be spent within the next three months. At the start of the year, xAI still had about $4 billion in cash. Compared to competitors like OpenAI, which expects around $12.7 billion in revenue for 2025, xAI is lagging far behind in monetization.
Hub AI in practice
Artificial Intelligence is present in everyday life – from “googling” to facial recognition to vacuum cleaner robots. AI tools are becoming more and more elaborate and support people and companies more effectively in their tasks, such as generating graphics, texting or coding, or interpreting large amounts of data.
What AI tools are there, how do they work, how do they help in our everyday world – and how do they change our lives? These are the questions we address in our Content Hub Artificial Intelligence in Practice.
OpenAI has released a demo of an AI-powered tool for automated front-end testing on GitHub. The tool uses its Computer-Using Agent (CUA) and the Playwright open-source framework to generate, run, and evaluate test cases based on written descriptions. OpenAI says the goal is to make software testing more efficient and reliable. The project is currently a concept study and still in early stages.
