Elon Musk stated on Monday he does not support a merger between his electrical automobile maker Tesla and his synthetic intelligence startup xAI, which owns the Grok chatbot and competes with the likes of OpenAI’s ChatGPT.
In response to a consumer put up on X that requested Tesla traders in the event that they supported a merger between the 2 firms, Musk replied “No.”
On Sunday, Musk had stated he would ask Tesla shareholders to vote whether or not Tesla can put money into xAI, after earlier saying “it would be great” if Tesla may accomplish that.
Tesla and xAI did not instantly reply to Reuters’ requests for remark.
xAI acquired X, previously referred to as Twitter and additionally owned by Musk, in a $33 billion deal in March this 12 months, valuing the mixed group at $80 billion on the time.
Sources advised Reuters in June that xAI had been in talks to boost cash at a valuation of greater than $120 billion, whereas a valuation of as excessive as $200 billion was additionally mentioned.
The Wall Street Journal reported on Saturday that Musk’s SpaceX had dedicated $2 billion to xAI as a part of a $5 billion fairness spherical.
