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Musk denies report his xAI in talks over Tesla revenue, ET Auto

Musk denies report his xAI in talks over Tesla revenue, ET Auto

by admin
September 8, 2024
in Technology
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<p>Elon Musk denied reports that his AI startup xAI held talks to share future Tesla revenue. </p>
Elon Musk denied stories that his AI startup xAI held talks to share future Tesla income.

Elon Musk denied a report that his synthetic intelligence startup xAI has held talks for a share in future Tesla income in return for giving Musk’s electrical car maker entry to xAI’s know-how and assets.

The Wall Avenue Journal reported on Saturday that Tesla would license xAI’s artificial-intelligence fashions to assist energy its driver-assistance software program, full self-driving know-how and share a few of that income with the startup, in keeping with the proposed association as described to traders.

“Tesla has realized lots from discussions with engineers at xAI which have helped speed up attaining unsupervised FSD, however there is no such thing as a must license something from xAI,” Musk posted late on Saturday on his social media platform X, including that the report is “not correct.”

The Journal, citing folks conversant in the matter whom it didn’t determine, stated xAI would assist the event of different options for Tesla, together with a voice assistant in its electrical vehicles and software program to energy its humanoid robotic Optimus.

The phrases of any revenue-sharing settlement between xAI and Tesla would rely partly upon how extensively Tesla relied on xAI’s know-how versus its personal, the report stated, including that xAI executives have mentioned a good income cut up from Tesla’s FSD.

xAI couldn’t be reached for a remark.

Musk launched xAI final 12 months to compete with Microsoft-backed OpenAI. It sparked considerations that he may allocate some assets of the automaker to the AI firm.

He has stated xAI could be “useful in advancing full self-driving and in increase the brand new Tesla information middle,” including that there have been alternatives to combine xAI’s chatbot, Grok, with Tesla’s software program.

In July, the billionaire CEO stated he and the Tesla board would focus on a USD 5 billion funding in xAI.

  • Revealed On Sep 8, 2024 at 11:53 AM IST

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Tags: AutoDeniesMuskreportrevenuetalksTeslaxAI

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