PANews reported on June 7 that according to TechinAisa, Morgan Stanley said that it expects Musk's artificial intelligence startup xAI's total revenue to reach US$1 billion by the end of this year and to exceed US$13 billion by 2029. In addition, Morgan Stanley also predicts that xAI's EBITDA may grow to US$2.7 billion by 2027 and to US$13.1 billion in 2029. It is reported that xAI may invest US$18 billion to expand its data center and is seeking a new round of financing at a valuation of US$113 billion.