Elon Musk recently announced his intention to discuss a potential $5 billion investment in his AI startup, xAI, with Tesla’s board. This proposal has generated significant interest and discussion due to the potential implications for both Tesla and xAI.
Elon Musk announced his intention to discuss the potential $5 billion investment in xAI with Tesla’s board on Twitter (now rebranded as X). He first polled his followers on whether they agreed with the idea, and after receiving positive feedback, he confirmed that the board would consider the matter.
Looks like the public is in favor. Will discuss with Tesla board.
— Elon Musk (@elonmusk) July 25, 2024
Musk believes that this investment could be beneficial for both companies, as xAI’s technology could potentially enhance Tesla’s self-driving capabilities. However, some have raised concerns about the potential conflicts of interest that could arise from such an investment, given Musk’s involvement in both companies.
While the Tesla board has not yet made a decision on the proposal, it is clear that this is a significant development in the world of AI and automotive technology. The outcome of this discussion could have far-reaching implications for the future of both Tesla and xAI.
xAI is an American artificial intelligence (AI) startup company founded by Elon Musk in March 2023. Its stated goal is “to understand the true nature of the universe”. The company is headquartered in the San Francisco Bay Area, California.