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Elon Musk said that Tesla will hold a shareholder on XAI investments.
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Musk said in March that XAI was estimated at $ 80 billion. The company raised $ 10 billion last month.
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Spacex is looking to invest in XAI, “subject to approval of the council and shareholders,” said Musk.
Elon Musk, VisitationThe CEO said that EV giant would ask Its shareholders will vote for investing in his company AI, Xai.
Musk responded to X user with Tsla4orphs, who said it would be unfair to Tesla retail investors if the company is not allowed to invest Xai.
“It doesn’t depend on me. If it stayed for me, Tesla had long to introduce Xai “-” Musk wrote in X on Sunday evening.
“We will have a shareholder on this issue,” Musk added, although he did not say that the vote would be.
Tesla and XAI do not respond to business insider requests.
Musk’s observation comes only a few hours later that he confirmed that his missile company, the spacecraft wanted to invest $ 2 billion xai. The planned contribution first reported Wall Street Journal on Saturday.
“It would be very good, but it is subject to the approval of the council and shareholders,” Musk wrote on Sunday in the morning.
This would not be the first time XAI strived to use his connections with the Musk Business Empire, or what he called “Musconomism” to invest. Bloomberg reported in February 2024, citing the resulting field, which XAI had previously presented investors about his relations with Musk business.
In addition to Tesla and Spacex, Musk is also Hallms Helms Helms Helmseling Company, Boring Company, AI Brain Chip Company, Neuralink. In June 2024, Musk said that the “shareholders of my other companies, including Tesla”, will be a priority.
“Loyalty deserves loyalty,” Musk wrote in the post on June 8.
Musk started on July 20, July 20, 2023. Last year, the company raised more than $ 12 billion in the series of funding A, B and C last year and is estimated at $ 50 billion.
Martin Musk stated that XAI has acquired XAI in all stock transactions. Musk said that the transaction “Values Xai $ 80 billion and $ X is $ 33 billion ($ 45b less than $ 12b debt).” Musk bought X and then known as Twitter on October 2022 for $ 44 billion.
Last month, Morgan Stanley said that XAI had collected $ 10 billion in debt and equity. The bank says that the deal “excreted and includes the introducer of famous world debt”. It added that the transaction revenue will be used to develop XAI data centers and grok chatbot.
Read the original Business Insider article