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One Elon Musk enterprise could be making a giant funding in one other.
In accordance with a Wall Road Journal report that cites traders near SpaceX, the corporate has agreed to take a position $2 billion in Musk’s AI startup xAI. The funding would reportedly be a part of the $5 billion fairness elevate (together with one other $5 billion in debt) that Morgan Stanley introduced on the finish of June.
This is able to be SpaceX’s first funding in xAI, and certainly one of its largest 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 varied corporations to help one another, for instance merging xAI with X (previously Twitter) earlier this yr. And regardless of xAI’s latest apology for Grok’s antisemitic feedback (together with posts the place the chatbot described itself as “MechaHitler”), Tesla is bringing Grok to its autos.
