Elon Musk's AI startup xAI reported a net loss of $1.46 billion in the third quarter, up from $1 billion in the first quarter, as it heavily invests in data centers, talent, and software development. The company spent $7.8 billion in cash during the first nine months of 2025, rapidly utilizing funding from recent financing rounds. Management highlighted their current focus on accelerating AI agent development to eventually support the Optimus humanoid robot technology.
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Elon Musk's xAI Reports $1.46 Billion Q3 Loss Amid Aggressive Expansion
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