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Elon Musk Announces Tesla Shareholders to Decide on xAI Investment Amid SpaceX's $2 Billion Commitment

Elon Musk Clarifies Tesla's Investment Decision on xAI

In a recent update on X, billionaire entrepreneur Elon Musk revealed that the decision for Tesla Inc. to invest in his artificial intelligence venture, xAI, will not be his alone. Instead, it will be determined through a shareholder vote. Musk expressed his personal stance, stating, "it’s not up to me. If it was up to me, Tesla would have invested in xAI long ago," highlighting the democratic process behind such significant corporate decisions.

SpaceX's Significant Investment in xAI

Adding to the narrative, reports confirmed that SpaceX, another of Musk's ventures, is set to invest a whopping $2 billion into xAI. This move underscores the growing interest and confidence in the potential of artificial intelligence technologies under Musk's umbrella.

The upcoming shareholder vote at Tesla is poised to be a pivotal moment, reflecting not just on the company's direction but also on the broader acceptance and trust in AI's future among investors.