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SpaceX's funding is included in a $5 billion investment round that xAI revealed last month.
Musk aims to engage his companies in backing the AI startup that is attempting to rival OpenAI. In March of this year, he combined xAI with his social platform X, which was appraised in a transaction at $33 billion, providing the AI firm the chance to greatly increase the audience of Grok users. The WSJ reports that the merged company has a valuation of $113 billion.
On Sunday, Musk stated he would propose that Tesla Inc. shareholders vote on the company's potential investment in xAI. Previously, he mentioned that “it would be awesome” if Tesla accomplished that.
He stated that he is against the merger between Tesla and xAI. In reply to social media user X's inquiry about Tesla shareholders' support, he answered “no.”
source: wsj.com
Musk aims to engage his companies in backing the AI startup that is attempting to rival OpenAI. In March of this year, he combined xAI with his social platform X, which was appraised in a transaction at $33 billion, providing the AI firm the chance to greatly increase the audience of Grok users. The WSJ reports that the merged company has a valuation of $113 billion.
On Sunday, Musk stated he would propose that Tesla Inc. shareholders vote on the company's potential investment in xAI. Previously, he mentioned that “it would be awesome” if Tesla accomplished that.
He stated that he is against the merger between Tesla and xAI. In reply to social media user X's inquiry about Tesla shareholders' support, he answered “no.”
source: wsj.com