Even before the funds hit the bank, xAI’s plans to spend over half of the new capital in just the next three months underscore the dire financial realities of the AI industry.

xAI's $1 billion cash burn a month highlights the growing AI startup cash burn crisis

Generative AI startups capture 40% of all venture capital investment in cloud acceleration

AI frenzy fuels record-high VC funding surge

Funding Freefall: Indian startups take a dive in 2023

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