Elon Musk's xAI aims for annual earnings exceeding $13 billion by 2029, backed by Morgan Stanley's investment insights and ambitious growth strategies in the AI sector.

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,

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