On June 7, Morgan Stanley said that it expects Musk's artificial intelligence startup xAI's total revenue to reach $1 billion by the end of this year and more than $13 billion by 2029, in addition to Morgan Stanley's prediction that xAI's EBITDA may grow to $2.7 billion by 2027 and $13.1 billion in 2029. It is reported that xAI may invest $18 billion to expand its data center and is seeking a new round of financing at a valuation of $113 billion.
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Morgan Stanley: Musk's AI revenue could reach $1 billion by the end of the year, seeking financing at a valuation of $113 billion.
On June 7, Morgan Stanley said that it expects Musk's artificial intelligence startup xAI's total revenue to reach $1 billion by the end of this year and more than $13 billion by 2029, in addition to Morgan Stanley's prediction that xAI's EBITDA may grow to $2.7 billion by 2027 and $13.1 billion in 2029. It is reported that xAI may invest $18 billion to expand its data center and is seeking a new round of financing at a valuation of $113 billion.