On the social networking platform X, Tesla CEO Elon Musk has started a poll asking people if the electric automaker should spend $5 billion in his artificial intelligence business, xAI. According to the majority of early votes, this is a move that should be made.
The poll was conducted after Tesla revealed its lowest profit margin in five years due to price reductions and increasing investment in artificial intelligence programs. "Board approval & shareholder vote are needed, so this is just to test the waters," Musk added.
xAI would be "helpful in advancing full self-driving and in building up the new Tesla data centre," according to Musk during Tesla's earnings conference call. He also said that there are chances to link xAI's chatbot, Grok, with Tesla's software.
Roughly 386,000 individuals voted in the survey, which was uploaded almost three hours ago, with 70% of them supporting the investment.
There were no comments available from Tesla, and xAI.
The world's richest man, Elon Musk, introduced xAI last year in an effort to create a substitute for ChatGPT. With a $6 billion series B investment round in May, the business reached a $24 billion post-money value. Sequoia Capital and Andreessen Horowitz are among the backers.
Musk has previously stated that he intends for investors in X, formerly known as Twitter, which he purchased for $44 billion even though the social media company's valuation has subsequently dropped, to own a new tab for xAI.
This is AI Weekly: from bots helping Apple grow to the reason for OpenAI's hidden Strawberry.
Musk also played down worries during the results call that he would be moving money away from Tesla and towards some of his other businesses.
According to a June CNBC story, he placed an order with Nvidia to supply thousands of AI processors to xAI and X for Tesla. Musk said that there was nowhere to store the chips since Tesla's data centre was packed.
Musk polls on X quite a bit. A few days after polling Twitter people in 2021 on whether or not to sell 10% of his Tesla ownership, he started selling shares.
(Sourec:www.theprint.in)
The poll was conducted after Tesla revealed its lowest profit margin in five years due to price reductions and increasing investment in artificial intelligence programs. "Board approval & shareholder vote are needed, so this is just to test the waters," Musk added.
xAI would be "helpful in advancing full self-driving and in building up the new Tesla data centre," according to Musk during Tesla's earnings conference call. He also said that there are chances to link xAI's chatbot, Grok, with Tesla's software.
Roughly 386,000 individuals voted in the survey, which was uploaded almost three hours ago, with 70% of them supporting the investment.
There were no comments available from Tesla, and xAI.
The world's richest man, Elon Musk, introduced xAI last year in an effort to create a substitute for ChatGPT. With a $6 billion series B investment round in May, the business reached a $24 billion post-money value. Sequoia Capital and Andreessen Horowitz are among the backers.
Musk has previously stated that he intends for investors in X, formerly known as Twitter, which he purchased for $44 billion even though the social media company's valuation has subsequently dropped, to own a new tab for xAI.
This is AI Weekly: from bots helping Apple grow to the reason for OpenAI's hidden Strawberry.
Musk also played down worries during the results call that he would be moving money away from Tesla and towards some of his other businesses.
According to a June CNBC story, he placed an order with Nvidia to supply thousands of AI processors to xAI and X for Tesla. Musk said that there was nowhere to store the chips since Tesla's data centre was packed.
Musk polls on X quite a bit. A few days after polling Twitter people in 2021 on whether or not to sell 10% of his Tesla ownership, he started selling shares.
(Sourec:www.theprint.in)