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Tesla reveals plans for US$2 billion investment in Musk’s xAI
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The Business Times
The EV maker has been increasingly emphasising AI, driverless technology and humanoid robotsTesla sells megapacks to xAI and xAI’s Grok chatbot is integrated into some Tesla vehicles.
PHOTO: REUTERS[AUSTIN] Tesla revealed plans to invest US$2 billion into chief executive officer Elon Musk’s artificial intelligence (AI) company, xAI, while reporting higher-than-expected profit for the fourth quarter.
The investment underscores the deepening ties between Musk’s business interests and highlights Tesla’s growing focus on AI.
Tesla sells megapacks to xAI and xAI’s Grok chatbot is integrated into some Tesla vehicles.
The better-than-expected profit is a positive sign as Tesla navigates lower EV demand and pivots to robotics and autonomy products.