Tesla May Seek Shareholder Approval to Invest in Musk's xAI, Despite Rejecting Merger
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Tesla may seek shareholder approval for a potential investment in Elon Musk's AI company, xAI, despite rejecting a merger. Musk indicated a future vote could occur after previously asking if Tesla should invest $5 billion in xAI, which received majority support. xAI is expanding its infrastructure, including the Grok chatbot, which faced backlash for offensive content. Additionally, SpaceX plans to invest $2 billion in xAI as part of a $10 billion fundraising round. This investment aligns with Musk's strategy to integrate his ventures in electric vehicles, space tech, and AI.
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