xAI đốt tiền tăng tốc: chín tháng chi 7.8 tỷ USD, tham vọng AI của Musk tiêu tốn bao nhiêu tiền?

【BlockBeats】Elon Musk’s xAI is staging a capital-intensive AI arms race. According to internal documents disclosed, the company’s losses continue to expand——Q3 net loss reached $1.46 billion, a significant increase compared to Q1’s $1 billion. Even more striking is that in the nine months before 2025, xAI has already burned through $7.8 billion in cash.

This massive expenditure flows in three directions: first, infrastructure investment in building AI data centers; second, recruitment costs to attract top talent; third, software R&D——particularly AI software development that provides driving technology for future humanoid robots. This approach is no different from other high-growth AI startups: money raised through financing is rapidly converted into cash burn to seize high ground in technology and talent.

During investor communications, xAI management clarified the current core mission——accelerating the development and iteration of AI agents and related software products. These products will ultimately converge into a platform ecosystem called “Macrohard” (a homophonic pun coined by Musk himself, alluding to the concept of pure AI software companies), while the ultimate goal is to provide intelligent driving support for the Optimus humanoid robot.

In other words, xAI’s cash burn logic is very clear: use raised capital to stack R&D speed, use R&D results to support long-term product landing. On the AI track with the most intense competition, whoever can faster convert capital into core technology and products may occupy the high ground of the future market.