Tesla to offer shareholders chance to invest in xAI, says Elon Musk
"It's not up to me... We will have a shareholder vote on the matter," Musk said in response to a social media user suggesting that the electric car maker take a stake in xAI, which recently acquired X.
"If it was up to me, Tesla would have invested in xAI long ago," the world's richest man said.
According to the Wall Street Journal, another company controlled by Elon Musk, SpaceX, will invest $2 billion into xAI as part of its $5 billion capital raise.
Responding to an X user who cited the WSJ's news story, Musk said that "it would be great" but would depend on "board and shareholder approval."
Since the launch of xAI, which developed the generative AI assistant Grok, Musk has floated the potential synergies between the AI start-up and his two crown jewels, SpaceX and Tesla.
According to the Financial Times, the businessman is seeking a valuation between $170 and $200 billion for xAI in a new funding round.
Launched in July 2023, xAI is hoping to catch up with its major generative AI competitors, OpenAI (ChatGPT), Anthropic (Claude) and Google (Gemini).
The start-up has invested heavily in a gigantic data centre in Memphis, Tennessee, which Musk claims will become the "most powerful AI training system in the world."
He has purchased another plot of land nearby to create more data centers, which are essential for developing and running large-scale artificial intelligence models.
According to Bloomberg, xAI is costing over a billion dollars every month as it builds upgraded models, with its expenses far exceeding its revenues.
xAI's virtual assistant Grok has been the source of a series of controversies.
After an update on July 7, some of the chatbot's responses praised Adolf Hitler and suggested that people with Jewish surnames were more likely to spread online hate.
On Saturday, xAI apologised for offensive posts, announcing that it had corrected the instructions that had led, according to the company, to these slip-ups.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
31 minutes ago
- Time of India
Cancer Daily Horoscope Today (Aaj Ka Kark Rashifal), July 16, 2025: Let go of what has expired
You may feel like you're living in a role that no longer matches your heartThe discomfort is not a problem but a sign that you are ready to move forward. You are allowed to want something new, even if others don't understand. Do not shrink yourself to stay comfortable. Your soul is asking for space. Be honest with yourself and let this truth shape your next step. Cancer Love Horoscope Today In love, the question is not who is right but what is real. If you are in a relationship, a pattern may be repeating. Look at whether this cycle supports your happiness or drains your spirit. Honest conversations can bring deep change. If single, avoid attaching to someone just because it feels familiar. What feels familiar is not always good. You deserve a connection that honours who you are now, not who you were before. Love that supports your growth is real love. Cancer Career Horoscope Today Career today may bring up a desire to change direction or at least adjust your path. Something you once enjoyed may now feel routine or heavy. Do not ignore this inner signal. You may not make a big change today, but you can begin exploring new ways to use your skills. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like '혈관 찌꺼기 방치하면 진짜 큰일나요',,2주만에 빠르게 싹~ 청소 가능한 '이것'' [특허] 카이스트 건강비결 더 알아보기 Undo Be curious and open. Speak to mentors or think about courses. Your growth depends on your willingness to release the roles you no longer fit in. Cancer Money Horoscope Today Money matters are steady, but your mindset about money may be shifting. Maybe you're realising that your values are changing. You want less clutter, more peace. You may also feel tired of spending just to feel better. Today supports saving for peace rather than spending for escape. Rethink your goals quietly. What once felt urgent may now feel unimportant. Let your financial life reflect your emotional growth. Even one wise change in spending will bring more ease than you expect. Cancer Health Horoscope Today You may feel physically or emotionally tired today, and that's okay. Your body is not trying to fail you; it's trying to tell you something. Maybe a certain food, habit or environment is no longer serving you. Do not ignore this feeling. Spend time alone if needed. Your gut and heart may be speaking through small signals like bloating, sleep disturbance or body heaviness. Light meals, simple movement, and quiet reflection will bring back your balance. Honour your current energy level fully. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
Time of India
an hour ago
- Time of India
Tesla opens shop at BKC; right city, right state: CM
1 2 Mumbai : Tesla's long awaited India debut finally took place with chief minister Devendra Fadnavis inaugurating its showroom in Mumbai on Tuesday. The Elon Musk-led car maker unveiled its Model Y compact all-electric SUV at its 'Experience Centre' in Bandra-Kurla Complex with the CM describing it as the "right city and the right state" for the launch. "Mumbai stands for innovation and sustainability. In 2015, when I went to the US, I had my first ride in a Tesla, and then I thought we need such a vehicle for mobility in India. But it took 10 years for it to come to India. But we are very happy that finally you are here. They will have one of their best markets in India," Fadnavis said. He was accompanied by transport minister Pratap Sarnaik and transport commissioner Vivek Bhimanwar. The CM said the state's EV policy encourages manufacturing of electric vehicles. He said Maharashtra's EV policy is the best in the country and offers incentives and improved e-charging infrastructure. Tesla is also expected to set up its own charging stations in the city. "On a single charge, you can travel over 500 km and this will reduce range anxiety," he added. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai But will Tesla be able to cater to bad road conditions and waterlogging in cities like Mumbai? A showroom executive said, "the car had good suspension and was adaptable to Mumbai roads" as test runs were undertaken for over a year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cách giao dịch ETH/USD mà không cần nắm giữ Ether IC Markets Tìm hiểu thêm Undo It also had a front bumper camera to provide visibility for blind spots. Tesla announced that it will set up four charging stations in the Mumbai Metropolitan Region. "These will come up in Lower Parel, BKC, Thane and Navi Mumbai, with 16 superchargers and 16 destination chargers. Each supercharger gives a range of 267 km for just 15-minute charging," said Tesla regional director Isabel Fan. Maharashtra industries minister Uday Samant told the state assembly on Tuesday that Tesla had chosen Maharashtra over other states in the country to set up its first showroom because it was a preferred destination for industry on the global map."They chose India and then Maharashtra. This once again proves that Maharashtra is the top choice," said Samant. He was replying to a debate on industry and Marathi language in the assembly.
Time of India
an hour ago
- Time of India
Gemini Daily Horoscope Today (Aaj Ka Mithun Rashifal), July 16, 2025: Let calm actions lead today
You may feel pulled in many directions, but today asks you to choose intention over speed. Not every message must be answered quickly, not every task needs immediate fixing. Give yourself permission to move slowly. You are learning to act with purpose rather than pressure. Take one thing at a time. This is how true progress happens. By choosing your energy wisely, you will feel more focused and less drained. Trust that doing less with more care will serve you better. Gemini Love Horoscope Today In love, avoid rushing to reply or react. Let things breathe before you speak. If in a relationship, there may be emotional shifts today, but they don't need to turn into conflict. Ask yourself, 'What do I want to create in love today?' Then move toward that with kindness. If single, stop looking outside and ask what kind of love you are ready to receive. The more intention you hold in your heart, the more meaningful love will find you. Gemini Career Horoscope Today Work may bring many emails, calls or meetings, but not everything deserves your full attention. Prioritise what matters most and do it well. Avoid saying yes just to appear helpful. Intention at work means setting boundaries with grace. If you focus fully on one task, you will get better results than trying to do too many things at once. Your calm will impress more than your rush. Let others hurry if they must. You walk with purpose today. Gemini Money Horoscope Today Money may feel manageable if you are mindful with your spending. Do not make purchases just to feel better. Pause before you click buy or agree to lend. Ask yourself if it's truly needed or if it's just habit. Today is about realising that your money flows better when you manage it with care. Try not to rush into decisions, especially if others are involved. Intentional spending creates long-term peace. It's not about how much, but how wisely. Gemini Health Horoscope Today Health-wise, your energy might feel scattered if you try to do too much. Instead of long workouts or busy routines, choose smaller, intentional steps. A simple walk or quiet moment with herbal tea can do more than a heavy gym session today. Your body needs softness. You may feel tension in shoulders, eyes or nerves. Slow down, stretch and breathe deeply. Let calm lead your day. True wellness happens when you listen and move from within. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
