Elon Musk has once again come into the limelight. This time his AI startup XAI is a big reason, in which Tesla’s shareholders can get an opportunity to invest. Elon Musk has shared this information on its social media platform x. He said that shares will be voted in Tesla soon regarding this offer.
What is the matter?
Elon Musk’s company XAI, which is in discussion about AI Assistant Grok. Now Musk wants Tesla to participate in this AI startup. However, Musk has made it clear that they cannot take its decision alone. This decision will be taken on the approval of Tesla Board and shareholders.
XAI’s valuation and investment plan
The MUSK target is $ 170 to $ 200 billion (about 14 lakh crore rupees) regarding XAI’s valuation. Spacex, another MUSK project, has already decided to invest $ 2 billion (Rs 16,000 crore) in XAI. XAI is spending more than $ 1 billion every month, due to which its cost is more than its earnings.
What is XAI and its motive?
Xai came to the market in July 2023. Its aim is to compete with veterans like Openai (Chatgpt), Anthropic (Claude) and Google (Gemini). The company has also formed a large AI data center in TennesE, USA, which Musk wants to create the world’s most powerful AI system.
Grok and controversy
XAI’s AI Assistant Grok was in controversy recently, when some of its updates revealed some problems. Some of these were said to praise Hitler and contribute about Jewish names. The company apologized for this and said that this mistake was made due to technical issue, which has now been fixed.
Competition with Openai and other companies
Elon Musk has made it clear that XAI will get the benefit of technology power related to Tesla and Spacex. This means that in the coming time, XAI can become a very big player in the race of generative AI.