Elon Musk can be discussing the prospect of Tesla investing $5 billion into his synthetic intelligence startup, xAI, with the Tesla Board of Administrators. Musk’s announcement got here after he ran a ballot in regards to the concept on social media platform X.
Throughout the Q2 2024 earnings name, Elon Musk was requested if Tesla can be investing in xAI, and if Grok can be built-in in Tesla software program. Musk famous that Tesla is definitely studying fairly a bit from xAI, however any funding within the AI startup from the EV maker would require shareholder approval.
“I ought to say Tesla is studying fairly a bit from xAI. It’s been really useful in advancing full self-driving and in increase the brand new Tesla information heart. Concerning investing in xAI, I feel we have to have a shareholder approval of any such funding… I feel we’d like a vote on that,” Musk stated.
Ought to Tesla make investments $5B into @xAI, assuming the valuation is about by a number of credible outdoors buyers?
(Board approval & shareholder vote are wanted, so that is simply to check the waters)
— Elon Musk (@elonmusk) July 24, 2024
Musk did maintain a vote in regards to the concept, however he did so by way of a ballot on X. The ballot attracted a complete of 958,086 votes, with 67.9% voting “Sure” and 32.1% voting “No.” Feedback in Musk’s ballot indicated {that a} good variety of Tesla neighborhood members have been in favor of an funding to xAI. That being stated, Musk’s ballot on X was public, so its respondents weren’t restricted to Tesla shareholders.
Contemplating the outcomes of the ballot, Musk famous in a follow-up submit that he can be discussing the concept with the Tesla Board of Administrators. “Appears like the general public is in favor. Will focus on with Tesla board,” Musk wrote.
Appears like the general public is in favor. Will focus on with Tesla board.
— Elon Musk (@elonmusk) July 25, 2024
Elon Musk’s xAI often is the youngest of his firms, but it surely has made some notable headways as of late. Only recently, Musk introduced that xAI had activated its supercomputer cluster in Memphis, Tennessee, which is comprised of 100,000 Nvidia H100 GPUs. Social media posts from xAI additionally indicated that the unreal intelligence startup is trying to enhance its human expertise benefit.
“Good work by xAI crew, X crew, Nvidia crew, and supporting firms getting Memphis Supercluster coaching began at ~4:20 a.m. native time. With 100k liquid-cooled H100s on a single RDMA material, it’s essentially the most highly effective AI coaching cluster on the earth! This can be a important benefit in coaching the world’s strongest AI by each metric by December this 12 months,” Musk wrote in a submit on X.
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