Elon Musk has promised that his AI business, xAI, will help to revolutionize society. Before it can do that, however, the company is going to need to become fiscally viable—a goal it hasn’t quite met yet.

The rate at which the company is bleeding cash provides a stark illustration of the unprecedented financial demands of the artificial intelligence industry, particularly at xAI, where revenues

Elon Musk’s artificial intelligence venture, xAI, and its acquisition of the social media platform X, formerly known as Twitter, valued at $33 billion, have drawn heightened scrutiny from European Union regulators,