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      211 AI Monetization – Generative Search = xAI Annualized Revenue Up Materially in 2025 xAI: Generative Search, per xAI & The Wall Street Journal *Select media reports have xAI revenue being as high as $1B as of 4/25. Source: xAI (2/25); The Wall Street Journal, ‘Elon Musk’s xAI Startup Is Valued at $50 Billion in New Funding Round’ (11/24) (link); CNBC, ‘Musk says he’s looking to put ‘proper value’ on xAI during investor call, sources say’ (4/25) (link) We are pleased to introduce Grok 3, our most advanced model yet: blending strong reasoning with extensive pretraining knowledge. Trained on our Colossus supercluster with 10x the compute of previous state-of-the-art models, Grok 3 displays significant improvements in reasoning, mathematics, coding, world knowledge, and instruction-following tasks. - xAI Grok 3 Press Release, 2/25 Annualized Revenue ($B) Annualized Revenue, $B [Grok is a] maximally truth-seeking AI, even if that truth is sometimes at odds with what is politically correct. - xAI Founder & CEO Elon Musk, 2/25 AI – Tech Incumbents = Rapid Revenue + Customer Growth $0.1B $0.0 $0.5 $1.0 11/24 4/25 Revenue up materially in 2025*

      2025 | Trends in Artificial Intelligence - Page 212 2025 | Trends in Artificial Intelligence Page 211 Page 213