Elon Musk Mulls Tesla Investment In xAI, Know More Here
As of today, November 22, a series of posts on X, formerly known as Twitter, grabbed significant attention throughout the social media platform as significant Tesla investors urged Elon Musk to jack up and foster a strategic partnership between Tesla and xAI.
As per the posts on X, a mutually beneficial partnership between xAI and Tesla is much awaited by some of the top investors in the industry.
Following the series of investors’ posts on X, Musk replied that the decision to merge forces would surely be discussed with the board members within Tesla. Subsequently, the comment has sparked speculations in the artificial intelligence (AI) space.
A Closer Look Into Tesla Investors’ X post
The first X post that nabbed significant attention throughout the social media platform was posted by Dave Lee, an angel investor, investing significant funds in Tesla since 2012.
According to the post by Dave Lee, a partnership between Tesla and xAI is much awaited within the industry. Furthermore, if the partnership is successful, Tesla could aid xAI monetarily, along with the jacking up of DOJO computing resources, a supercomputer built by Tesla. Besides, xAI could also bolster Tesla by offering some equity and access to Grok AI moving ahead.
Thereafter, another X post caught the eyes of Tesla investors on the platform. The post from Jason Debolt, a Tesla investor, stated that many Tesla retail investors would love to see the merging of the two firms. Furthermore, Jason personally hopes that Musk considers the aforementioned collaboration.
xAI Emerging As A Key Player In The Realm Of AI
xAI, an Artificial Intelligence startup by Tesla billionaire Elon Musk, was announced in July earlier this year. Since its inception, the project has created quite a frenzy in the world of AI.
Interestingly, earlier this week, Elon Musk, the technology entrepreneur, announced that shareholders of X Corp, a company holding a diverse portfolio, will possess a 25% stake in the newly established AI venture, xAI. Subsequently, the tokens centered on artificial intelligence (AI) witnessed an increase over the weekend, fueled by positive developments in prominent AI companies, creating excitement about the enduring growth of the emerging AI technology sector.
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