WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
California Drivers Sue BP, Walmart, 7-Eleven Over Alleged AI Gas Price Fixing 
SK Hynix Shares Hit Record High After Shipping Next-Generation HBM4E AI Memory Samples 
Qualcomm Nears $4 Billion Acquisition of AI Chip Startup Modular 
Google Gemini Co-Lead Noam Shazeer Leaves for OpenAI Amid AI Talent Race 
FedEx Stock Drops After Weak 2026 Earnings Forecast Despite Strong Q4 Results 
Apollo Debt Solutions Limits Redemptions as Withdrawal Requests Surge 
Meta Pauses Employee Activity Tracking Program Over Data Security Concerns 
US Raises Concerns Over Possible ASML EUV Machine Transfer to China 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation 
Nissan Halts Electric Qashqai Development Amid EV Market Challenges 
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
Today’s space race could turn fatal if we don’t agree on new rules 
Google’s Open-Source AI Data Center Cooling Design Raises Commoditization Concerns 
Elon Musk, CEO of Tesla, has launched a poll asking if Tesla should invest $5 billion in his AI company, xAI, with early results favoring the proposal.
Musk Characterized the Poll as an Experiment
Elon Musk, CEO of Tesla, has started a poll on the social media site X to see if the electric vehicle manufacturer should put $5 billion into his artificial intelligence company, xAI. So far, the majority of respondents are in favor of the idea.
Musk characterized the poll as an experiment, saying, "Board approval & shareholder vote are needed, so this is just to test the waters." The poll followed Tesla's lowest profit margin in five years, which was caused by price reduction and increased spending on AI initiatives.
xAI's Role in Tesla's Future, as Discussed by Musk
On Tesla's earnings call, Musk mentioned that xAI will be "helpful in advancing full self-driving and in building up the new Tesla data center," and he also mentioned that there are chances to combine xAI's chatbot, Grok, with Tesla's tech.
Roughly 386,000 individuals took part in the poll, with 70% of them favoring the investment, just three hours after it was posted.
No one from Tesla or xAI was available to comment when Reuters sought out for comment.
Launched Last Year, xAI Aims to Rival ChatGPT
Last year, Musk—the wealthiest man in the world—launched xAI with the intention of creating a substitute for ChatGPT. The firm reached a post-money valuation of $24 billion after raising $6 billion in May's series B fundraising. Some of the backers include Sequoia Capital and Andreessen Horowitz.
Per Investing.com, even though the value of the social media company has fallen since Musk purchased it for $44 billion, he has stated in the past that he intends for investors in X—previously known as Twitter—to acquire 25% in xAI.
Musk also downplayed suspicions that he was shifting funding away from Tesla and toward his other businesses during the results call.
He reportedly instructed Nvidia to send thousands of AI chips meant for Tesla to xAI and X in June, according to CNBC. Musk claimed that Tesla's data center was at capacity and could not accommodate any more chips.
On X, Musk is a regular voter. Just days after polling Twitter followers on whether he should sell 10% of his Tesla ownership in 2021, he started selling shares.
