Original link: Elon Musk’s xAI Is Reportedly Burning Through $1 Billion a Month / Gizmodo.
That is a lot of money. But they have gotten 10.7 B$ in equity funding a 5 B$ load, so they do have the money.
The issue is that both investors and banks expect to be repayed with interest. And nobody has really made the huge LLM's profitable yet.