SpaceX Cuts Grok Video Team: So Where Does Its $7.6B AI Business Get Its Money?

SpaceX has cut most of the team behind Grok Imagine, its tool that makes AI videos and images. Yet its AI business is booming. About 60 people lost their jobs in the past week, The Information reported. Only a handful remain. SpaceX has not commented. The Money Comes From Renting Computers to Rivals AI made $7.6 billion of SpaceX’s $14.6 billion in revenue last quarter, up 830% in a year. The Motley Fool credits deals renting computing power to AI developers such as Anthropic and Alphabet, plus rising Grok use. In the second quarter, AI solutions and infrastructure made $2.19 billion of the AI unit’s $2.56 billion. Advertising made $367 million. SpaceX has signed $14.1 billion in cloud deals.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to BeInCrypto.