Tesla shareholders to vote on investing in Musk’s AI startup xAI
Tesla shareholders will vote on a proposal that would allow the company to invest in Elon Musk's artificial intelligence startup, xAI. The proposal comes as Tesla's board did not make a recommendation on whether to support or oppose the investment. The potential investment in xAI, which Musk founded as a rival to OpenAI and DeepMind, has raised concerns about potential conflicts of interest. Some shareholders have questioned the rationale for Tesla, an electric vehicle manufacturer, to invest in an AI company. The outcome of the shareholder vote could have significant implications for Tesla's future direction and its relationship with Musk's other business ventures. Regardless of the decision, the proposal highlights the ongoing debate around the boundaries between Musk's various companies and the potential risks or benefits of such cross-investments.
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