Tesla will offer its shareholders to invest in Xai (Musk)

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Tesla will offer its shareholders:

Keystone-SDA

Tesla will submit to its shareholders an investment project to the capital of the start-up XAI. For example, another company controlled by Elon Musk, said the entrepreneur on its social network X on Sunday. For example,

(Keystone-ATS) The richest man in the world responded to a message from a surfer suggesting an equity management of the manufacturer of electric cars in the artificial intelligence group (IA) XAI, which recently absorbed X.

“It does not depend on me,” wrote Elon tesla will offer its shareholders Musk. Similarly, “If it was up to me, Tesla would have invested in Xai a long time ago. We will organize a vote of shareholders on the subject. »»

According to the Wall Street Journal. another company controlled by Elon Musk, SpaceX, will inject two billion dollars into XAI, as part of a capital increase of 5 billion.

In response to an X user evoking the information of the financial daily. Elon Musk said that “it would be great”, but should be “subject to the board of directors and the shareholders”.

The billionaire. as soon as XAI was created, argues the possible synergies between the young Push of AI and its two SpaceX and Tesla jewels.

According to the Financial Times. the businessman seeks to set up a new fundraising, which would value Xai between 170 and 200 billion dollars.

Launched in July 2023. XAI seeks to rebuild its major competitors of the generative AI, tesla will offer its shareholders OpenAi (Chatgpt), Anthropic (Claude) or Google (Gemini).

The start-up has massively invested in a gigantic data center in Memphis (Tennessee). which must become, according to Elon Musk, the “largest super-computer in the world”.

He bought a second near land to create another site.

Data centers are essential to develop and run large models of artificial intelligence.

According to the Bloomberg agency. Xai consumes a billion dollars in liquidity each month, its expenses exceeding, for the moment, its income.

XAI has developed the Assistant of Generative Grok, at the origin of a series of controversies.

After an update. on July 7, the chatbot, in some of its answers, praised Adolf Hitler, denounced “anti-white stereotypes” on X or the “disproportionate” representation of the Jews in Hollywood.

Xai apologized on Saturday for these extremist. insulting messages, announcing that he had corrected the instructions which had led, according to the company, to these slippages.

Tesla will offer its shareholders

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