From Nasdaq: 2024-07-25 11:36:17

Elon Musk is proposing a $5 billion investment in his AI startup xAI to boost Tesla’s self-driving and robotaxi technologies. A recent poll on Musk’s platform showed strong support for the investment, highlighting its potential to advance Tesla’s autonomous driving goals. The startup has already raised $6 billion in funding and is valued at $24 billion, positioning it as a key player in the AI industry. Tesla aims to integrate xAI’s technologies to enhance its competitive edge in the autonomous vehicle market amidst financial challenges.



Read more at Nasdaq: Elon Musk Proposes $5 Billion Tesla Investment in AI Startup xAI