Elon Musk’s AI startup, xAI, is growing into a multi-billion-dollar behemoth at an astonishing rate, with a bit of help from his other businesses. Last week, The Wall Street Journal reported that SpaceX, another company founded by Musk, had invested $2 billion in the AI firm. And now, Tesla (NASDAQ:TSLA) shareholders may be allowed to vote on whether the EV maker should also invest in xAI, based on Musk’s cryptic comments on X.
However, Tesla is already doing business with xAI. The carmaker sold nearly $200 million worth of its energy storage batteries to xAI last year and recently began integrating Grok, xAI's chatbot, into its vehicles.
