Musk says he does not support Tesla, xAI merger
UNITED STATES, JUL 14 – Elon Musk rejects Tesla-xAI merger but will seek shareholder approval for Tesla’s investment to boost AI development and compete with OpenAI, amid a $5 billion funding round.
- Elon Musk ruled out a merger between Tesla and xAI but will seek shareholder approval for Tesla's investment in xAI.
- SpaceX will invest $2 billion in xAI as part of a $5 billion funding round for artificial intelligence.
- Musk stated that integrating technology between Tesla and xAI is important for both companies.
- Musk acknowledged that Grok, xAI's chatbot, helps Tesla compete with OpenAI's ChatGPT, but its usage still lags behind that of ChatGPT.
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Musk suggests Tesla investor vote on xAI investment, rules out merger
Elon Musk ruled out a merger between Tesla and xAI but said he plans to hold a shareholder vote on investment in the artificial intelligence startup by the automaker, in the latest step to deepen integration across his business empire.
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Leaning Left4Leaning Right1Center5Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 40%
C 50%
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