Morgan Stanley: xAI's Annual Revenue Expected to Exceed $13 Billion by 2029

According to ChainCatcher, as reported by TechinAsia, Morgan Stanley stated that Elon Musk's AI startup xAI is expected to reach a total revenue of $1 billion by the end of this year, with revenue exceeding $13 billion by 2029. Additionally, Morgan Stanley predicts that xAI's EBITDA could grow to $2.7 billion by 2027 and to $13.1 billion by 2029. It is reported that xAI may invest $18 billion to expand data centers and is seeking a new round of financing with a valuation of $113 billion.