Billionaire Elon Musk's xAI expects to generate more than $13 billion in annual earnings by 2029, according to numbers revealed by the artificial intelligence startup's banker Morgan Stanley, Bloomberg News reported. Morgan Stanley, which is seeking investors for a $5 billion debt sale of xAI, opened the AI startup's books to those willing to commit at least $50 million, Bloomberg reported late Thursday, citing people with knowledge of the situation. The development comes as Musk and U.S.