Elon Musk recently made a bold proposal to Tesla shareholders: whether they should invest $5 billion in his AI startup company xAI.
Elon Musk recently made a bold proposal to the shareholders: whether they should invest $5 billion in his AI startup company xAI. This proposal has sparked widespread discussion in the Tesla community, with more than two-thirds of respondents voting in favor.$Tesla (TSLA.US)$Elon Musk recently made a bold proposal to Tesla shareholders: whether they should invest $5 billion in his AI startup company xAI. This proposal has sparked widespread discussion in the Tesla community, with more than two-thirds of respondents voting in favor.
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This proposal was made just after Tesla announced its fourth consecutive quarter of disappointing profits. Musk was asked during the financial conference call whether Tesla would invest in xAI or integrate its chatbot Grok into Tesla's software. Musk responded that "Tesla has learned a lot from xAI" and added that xAI has played an important role in advancing fully automated driving technology. He made it clear that if approved by shareholders, he personally supports Tesla's investment in xAI.
Musk founded xAI in early 2023, after his connection with OpenAI gradually faded. He was a co-founder and major sponsor of OpenAI, but resigned from the board of directors in 2018 due to potential conflicts of interest. With the establishment of xAI, Musk seems to be seeking new breakthroughs in the field of artificial intelligence once again.
In April of this year, Musk revealed that Tesla had to make special efforts to keep AI experts, as some had left Tesla for xAI. He further confirmed in June that Tesla had transferred some scarce AI chips to X Corp. and xAI. These measures indicate Musk's high regard for xAI.
xAI recently announced that it had raised 6 billion US dollars in a round of financing, which brought the valuation of this start-up company to about 18 billion US dollars. Well-known investment companies such as Sequoia Capital and Andreessen Horowitz participated in this round of financing, marking one of the largest investments in generating AI field.
Musk has previously proposed some controversial trades to Tesla shareholders. In 2016, shareholders approved Tesla's acquisition of SolarCity, a heavily indebted solar panel installation company run by his two cousins. Although Musk expressed regret for this over $ 2 billion bailout in 2022, this incident also reflected his bold and innovative spirit in business decision-making.
Overall, Musk's proposal to invest in xAI for Tesla shareholders is not only a bold attempt at his personal vision in the field of artificial intelligence, but also an important exploration of Tesla's future technology development direction. Although this proposal may trigger some controversy, it also reflects Musk's entrepreneurial spirit of constantly promoting innovation and exploring new fields.
Editor/ping