Elon Musk's ‘one word' reply on supporting merger between xAI and Tesla
has responded to a 'burning' question whether he wants
Tesla
to merge with his artificial intelligence (AI) company, xAI. The Tesla CEO has also indicated that Tesla shareholders will have to decide on the opportunity to invest in xAI. 'No,' Musk said while replying to the question by Bull Street Bets, 'Asking $TSLA Investors: Do you support a merger between XAi and Tesla?'
Earlier in the day, reports said that Musk seemed to have backed the idea of the merger. 'We will have a shareholder vote on the matter,' however, a straight answer has cleared the air over the matter.
Last year, Musk gauged public interest on X (formerly Twitter) regarding a potential $5 billion investment from Tesla into xAI, his artificial intelligence venture. The poll saw a majority of his followers vote "yes," indicating a positive sentiment towards such a move.
Musk's strategy to integrate his multiple ventures
Musk has been actively working to integrate his various companies. In March, he merged xAI with his social media platform X. This deal valued the AI company at $80 billion and the social media company at $33 billion. Musk also recently announced that xAI's chatbot, Grok, will be integrated into Tesla vehicles.
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Launched by Musk in early 2023, following the rise of OpenAI's ChatGPT, xAI aims to develop advanced AI. The company's primary product is Grok, an AI chatbot designed to compete with popular models like ChatGPT, Gemini, and Claude. Grok recently received an upgrade to Grok 4.
Musk has frequently highlighted the potential for synergies between xAI and his major companies, SpaceX and Tesla. He is reportedly seeking a valuation between $170 and $200 billion for xAI in an upcoming funding round, according to a Financial Times report, signaling ambitious growth plans for the AI startup.
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