Elon Musk's generative artificial intelligence startup xAI is expected to generate $13B in annual earnings by 2029, Bloomberg reported, citing documents by its banker, Morgan Stanley. Founded in March 2023 and publicly unveiled to the world a few months later,

AI projects $13 billion in annual EBITDA by 2029 as revenue ramps, despite early losses. The generative AI startup founded by Elon Musk reported $52 million in Q1 gross revenue and a $341 million EBITDA loss,

Elon Musk's artificial intelligence startup xAI is pursuing a $300 million share sale that would value the combined entity at $113 billion.