2024-07-26 10:41:55.AIbase.10.6k
Elon Musk Seeks Tesla Board Approval for $5 Billion Investment in xAI
Tesla CEO Elon Musk has proposed seeking board approval to invest $5 billion in his artificial intelligence startup, xAI. This move may heighten the conflicts of interest between Musk's companies, including SpaceX and Neuralink, which develops brain-computer interfaces. Tesla is transforming into a robotics and AI company, planning to establish a fleet of autonomous 'robotaxis' and humanoid robots powered by this technology. xAI has raised $6 billion and is valued at $18 billion, aiming to catch up with OpenAI and Anthropic.
