Tesla chief executive Elon Musk said he will seek board approval to invest $5bn in his artificial intelligence start-up xAI, potentially further entwining his network of tech companies.
Musk on Tuesday posted a poll on his social media network X asking “should Tesla invest $5B into @xAI, assuming the valuation is set by several credible outside investors? (Board approval & shareholder vote are needed, so this is just to test the waters)”.
On Thursday, with 68 per cent of 958,086 votes in favour of the proposal, he replied: “Looks like the public is in favour. Will discuss with Tesla board.”
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