Elon Musk could 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 concerning the thought on social media platform X.
In the course of the Q2 2024 earnings name, Elon Musk was requested if Tesla could be investing in xAI, and if Grok could 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 truly useful in advancing full self-driving and in increase the brand new Tesla information heart. Relating to investing in xAI, I believe we have to have a shareholder approval of any such funding… I believe we want a vote on that,” Musk mentioned.
Ought to Tesla make investments $5B into @xAI, assuming the valuation is ready by a number of credible exterior traders?
(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 concerning the thought, 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 group members had been in favor of an funding to xAI. That being mentioned, 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 could be discussing the thought with the Tesla Board of Administrators. “Seems like the general public is in favor. Will talk about with Tesla board,” Musk wrote.
Seems like the general public is in favor. Will talk about with Tesla board.
— Elon Musk (@elonmusk) July 25, 2024
Elon Musk’s xAI will be 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 factitious intelligence startup is seeking to improve its human expertise benefit.
“Good work by xAI staff, X staff, Nvidia staff, and supporting firms getting Memphis Supercluster coaching began at ~4:20 a.m. native time. With 100k liquid-cooled H100s on a single RDMA cloth, it’s essentially the most highly effective AI coaching cluster on this planet! This can be a vital 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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