Translation:
xAI currently has its self-developed generative AI chatbot “Grok” as its core product, integrated into the X platform, gradually expanding its consumer and enterprise application scenarios. According to Bloomberg, xAI currently has a monthly cash outflow of up to 10 billion US dollars. If the current expansion pace continues, the annual cash consumption in 2025 is expected to exceed 13 billion US dollars, triggering market concerns about its capital operation and risk management. To address the cash pressure, xAI is in discussions with investors to plan a diversified financing plan with a total amount of up to 88 billion US dollars, including:
