Elon Musk's xAI quarterly net loss widens to $1.46 billion: Bloomberg
Published on: Jan. 9, 2026, 9:14 a.m. | Source: The Economic Times
Elon Musk’s AI firm xAI posted a net loss of $1.46 billion for the September quarter, despite revenue almost doubling to $107 million, according to a report by Bloomberg. However, when contacted by Reuters for comment, xAI replied with the message, "Legacy Media Lies." This comes as xAI announced a $20 billion funding round to expand its AI capabilities.
