One Elon Musk enterprise is perhaps making a giant funding in one other.
In accordance with a Wall Avenue Journal report that cites buyers near SpaceX, the corporate has agreed to speculate $2 billion in Musk’s AI startup xAI. The funding would reportedly be a part of the $5 billion fairness increase (together with one other $5 billion in debt) that Morgan Stanley introduced on the finish of June.
This might be SpaceX’s first funding in xAI, and certainly one of its greatest investments in one other firm. The WSJ says SpaceX already makes use of xAI’s chatbot Grok to energy customer support for its Starlink web service, with plans for extra partnerships.
Musk has not been shy about utilizing his numerous corporations to help one another, for instance merging xAI with X (previously Twitter) earlier this yr. And regardless of xAI’s current apology for Grok’s antisemitic feedback (together with posts the place the chatbot described itself as “MechaHitler”), Tesla is bringing Grok to its automobiles.
