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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Morgan Stanley: Expects xAI's annual revenue to exceed $13 billion by 2029
PANews, June 7th news, according to TechinAisa, Morgan Stanley stated that it expects the total revenue of Elon Musk's AI startup xAI to reach $1 billion by the end of this year, and to exceed $13 billion by 2029. Additionally, Morgan Stanley also predicts that xAI's EBITDA may rise to $2.7 billion by 2027, and may rise to $13.1 billion by 2029. It is reported that xAI may invest $18 billion to expand its data centers and is seeking a new round of financing at a valuation of $113 billion.