xAI, the artificial intelligence startup founded by Elon Musk, reported a significant increase in revenue. For the quarter ending September 30, the company's revenue reached nearly $107 million, nearly doubling from the previous quarter. Despite the revenue growth, the company posted a net loss of $1.46 billion in the quarter ending in September, compared to a loss of $1 billion in the first quarter. According to internal documents, xAI is burning through cash at a rapid pace, with its losses mounting due to heavy spending on building data centers, hiring talent, and developing software that will eventually power human-like robots. The company spent $7.8 billion in cash during the first nine months of 2025.
