Elon Musk says he doesn’t assist merger between Tesla and xAI

Elon Musk mentioned on Monday he doesn’t assist a merger between his electrical car maker Tesla and his synthetic intelligence startup xAI, which owns the Grok chatbot and competes with the likes of OpenAI’s ChatGPT.

In response to a person put up on X that requested Tesla buyers in the event that they supported a merger between the 2 corporations, Musk replied “No.”

On Sunday, Musk had mentioned he would ask Tesla shareholders to vote whether or not Tesla can spend money on xAI, after earlier saying “it would be great” if Tesla may accomplish that.

Tesla and xAI didn’t instantly reply to Reuters’ requests for remark.

xAI acquired X, previously known as Twitter and in addition owned by Musk, in a $33 billion deal in March this yr, valuing the mixed group at $80 billion on the time.

Sources informed Reuters in June that xAI had been in talks to boost cash at a valuation of greater than $120 billion, whereas a valuation of as excessive as $200 billion was additionally mentioned.

The Wall Street Journal reported on Saturday that Musk’s SpaceX had dedicated $2 billion to xAI as a part of a $5 billion fairness spherical.