Morgan Stanley: It is expected that xAI's annual revenue will exceed $13 billion by 2029

ChainCatcher news, according to TechinAsia, Morgan Stanley stated that it expects Elon Musk's artificial intelligence startup xAI 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 potentially reach $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.