NewsletterElon 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.
Also read: Binance’s Outflow Surpasses $1 Bln Mark Amid Legal Turmoil
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- NYSE Arca Seeks SEC Approval to List T. Rowe Price BTC, ETH, XRP, DOGE, SHIB ETF
- Crypto Traders Bet on Bitcoin Hitting $100K by Year-End Amid Dovish Fed Pivot
- XRP Market Supply Plummets Amid Expanding Institutional Demand
- Cathie Wood Predicts Crypto Market Recovery as Liquidity Squeeze Ends
- Pi Network Boosts Utility With Major Partnership With CiDi Games, Expert Calls it “ Real Progress”
- Dogecoin Price Hovers Above $0.15 as Bulls Eye a Fresh Breakout
- Shiba Inu Price Could Rally As SHIB Burn Rate Surges 790% in 24H
- Binance Coin Price Faces Steep Risk as Key BSC Metric Crashes 75%
- Zcash Price Prediction — Is a Rally Ahead After Grayscale’s Bold ZEC ETF Bid?
- Ethereum Price Rallies Above $3,000 Ahead of Fusaka Upgrade: What to Expect?
- MON Price Prediction: Why Monad Could Be Heading Toward $0.10
