Elon Musk’s artificial intelligence startup xAI is burning through $1 billion a month, according to a Bloomberg report. The cost of building its advanced AI models has been racing ahead of its limited revenue, indicating the unprecedented financial demands of the AI industry, particularly xAI whose revenues have been slow to materialize.

Elon Musk has promised that his AI business, xAI, will help to revolutionize society. Before it can do that, however, the company is going to need to become fiscally viable—a goal it hasn’t quite met yet.

The rate at which the company is bleeding cash provides a stark illustration of the unprecedented financial demands of the artificial intelligence industry, particularly at xAI, where revenues