Musk to discuss $5 billion xAI investment with Tesla board

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Tesla CEO Elon Musk said on Thursday he will discuss a $5 billion investment in artificial intelligence startup xAI, as the electric-vehicle maker looks to double down on efforts to expedite the development of its robotaxi and self-driving products.

FILE PHOTO: xAI logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

The ambitious self-driving project has faced numerous technical and legal hurdles in recent years, and the automaker is now bolstering its AI infrastructure to train models for Tesla's autonomous technology. Earlier this week, during Tesla's earnings conference call, Musk said xAI would be"helpful in advancing full self-driving and in building up the new Tesla data center," adding that there are opportunities to integrate Grok with Tesla's software.

Musk, the world's richest person, launched xAI last year, in a bid to compete with ChatGPT maker OpenAI, its backer Microsoft and Alphabet's Google.

 

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