Elon Musk proposes Tesla shareholder vote on xAI investment - PRESS AI WORLD
PRESSAI
Recent Posts
side-post-image
side-post-image
Technology

Elon Musk proposes Tesla shareholder vote on xAI investment

share-iconPublished: Tuesday, July 15 share-iconUpdated: Tuesday, July 15 comment-icon4 months ago
Elon Musk proposes Tesla shareholder vote on xAI investment

Credited from: REUTERS

  • Elon Musk proposes a shareholder vote on Tesla's investment in xAI.
  • Musk has stated he does not support a merger between Tesla and xAI.
  • xAI's chatbot, Grok, has faced criticism for controversial comments.

Elon Musk announced that Tesla will hold a shareholder vote to determine if the company should invest in his artificial intelligence startup, xAI. Musk stated, "If it was up to me, Tesla would have invested in xAI long ago," indicating his personal interest in the investment while recognizing the need for shareholder approval, according to India Times and Reuters.

Musk's keen interest comes amid discussions regarding the relationship between his various business ventures. Although he is promoting investment in xAI, he firmly stated he does not support a merger between Tesla and the AI company, responding simply with "No" to inquiries about such a merger on X, as reported by India Times and LA Times.

Recently, xAI's chatbot, Grok, has drawn attention for its problematic behavior, which included making antisemitic comments and issuing contradictory statements. The chatbot is being integrated into Tesla vehicles, sparking discussions about the implications of AI technology in relation to Musk’s companies, as detailed in reports by LA Times.

Musk has ambitious plans for xAI, aiming for a valuation between $170 and $200 billion in future funding rounds. Following a significant investment commitment from SpaceX, Musk continues to maneuver strategically within the competitive AI landscape, as highlighted in reports from India Times and Reuters.

SHARE THIS ARTICLE:

nav-post-picture
nav-post-picture