<ul data-eligibleForWebStory="true"><li>Elon Musk refutes Bloomberg News' claims that his AI startup, xAI, is losing $1 billion monthly.</li><li>Musk dismissed Bloomberg's allegations as 'nonsense' in a post on X.</li><li>Bloomberg reported xAI burning $1 billion monthly, exceeding revenues, and facing substantial financial losses.</li><li>The news outlet suggested xAI could deplete most of its funds soon.</li><li>xAI did not directly address Bloomberg's claims.</li><li>Despite financial concerns, xAI, merged with X, aims to utilize vast data archives for AI model training.</li><li>xAI's valuation surged to $80 billion by Q1 2025, with positive projections on profitability by 2027.</li><li>The startup has secured investments from major players like Andreessen Horowitz and Sequoia Capital.</li><li>Bloomberg acknowledges xAI's potential despite financial challenges.</li><li>Elon Musk did not provide detailed explanations for rejecting Bloomberg's report.</li></ul>

Elon Musk slams Bloomberg’s shocking xAI cash burn claims

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