Energy
responded
to an X user asking about a Tesla investment in xAI by posting, “It’s not up to me. If it was up to me, Tesla would have invested in xAI long ago. We will have a shareholder vote on the matter.”
xAI merged with X earlier this year, putting it at a $113 billion valuation. The AI company is now reportedly targeting a $200 billion valuation in its next round of fundraising.
This comes as xAI is also reportedly burning through cash at a rapid rate. According to Bloomberg, xAI is bleeding roughly
$1 billion per month
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