马斯克旗下AI公司xAI亏损加剧，第三季度净亏损达14.6亿美元，现金支出累计78亿美元。尽管营收翻倍至1.07亿美元，但烧钱速度惊人。公司回应称媒体不实报道，目前正全力加速构建AI模型。
在Alpha Arena 1.5赛季中，xAI的Grok4.20模型以12.11%的回报率夺冠，将1万美元在14天内增值至12,193美元，成为唯一盈利的大型语言模型。同期GPT-51和Gemini3.0分别亏损3.4%和5.7%。比赛采用无人干预规则，模型需在“苦行僧模式”（高杠杆限制）和“情境感知模式”（可查看对手持仓）下自动交易。
OpenAI旗下Sora视频生成应用日均运营成本达1500万美元，年化支出或超50亿美元。上线一个月下载量突破400万，日均产出数百万短视频，但高流量伴随巨额亏损，暴露财务可持续性危机，需紧急战略调整。病毒传播掩盖了“虚假繁荣”本质。
Anthropic预计2028年营收达700亿美元，现金流170亿美元，远超OpenAI的巨额亏损。其成功源于专注B2B模式，通过API销售AI模型，以“安全AI”定位快速商业化。
%20--%3e%3cdefs%3e%3cstyle%3e%20.st0%20{%20fill:%20%23061b40;%20}%20.st1%20{%20fill:%20%23306af1;%20}%20.st2%20{%20fill:%20%235ce5cf;%20}%20%3c/style%3e%3c/defs%3e%3cg%3e%3cpath%20class='st0'%20d='M55,10.5h9v3h-9v9h12V7.5h-12v3ZM64,19.5h-6v-3h6v3Z'/%3e%3cpolygon%20class='st0'%20points='69%2016.5%2078%2016.5%2078%2019.5%2069%2019.5%2069%2022.5%2081%2022.5%2081%2013.5%2072%2013.5%2072%2010.5%2081%2010.5%2081%207.5%2069%207.5%2069%2016.5'/%3e%3cpolygon%20class='st0'%20points='95%2010.5%2095%207.5%2083%207.5%2083%2022.5%2095%2022.5%2095%2019.5%2086%2019.5%2086%2016.5%2095%2016.5%2095%2013.5%2086%2013.5%2086%2010.5%2095%2010.5'/%3e%3cpath%20class='st0'%20d='M40,1.5v21h11.6l1.4-1.4v-7.6h0c0,0-1.4-1.5-1.4-1.5l1.4-1.4V2.9l-1.4-1.4h-11.6ZM50,19.5h-7v-6h7v6ZM50,10.5h-7v-6h7v6Z'/%3e%3c/g%3e%3cpath%20class='st1'%20d='M23.1,24L14.7,4.8l-4.9,11.2h3.8l-1.8,4H3.3L12.1,0H2C.9,0,0,.9,0,2v20c0,1.1.9,2,2,2h21.1Z'/%3e%3cpath%20class='st2'%20d='M34,0h-16.8l10.6,24h6.2c1.1,0,2-.9,2-2V2C36,.9,35.1,0,34,0ZM32.5,20h-4V4h4v16Z'/%3e%3c/svg%3e)
