Elon Musk denied a report that his artificial intelligence (AI) startup xAI has negotiated a share in future Tesla revenues in exchange for Musk giving the electric vehicle maker access to xAI’s technology and resources.
The Wall Street Journal reported Saturday that according to the proposed arrangement disclosed to investors, Tesla would use xAI to power its driver-assistance software, full self-driving technology, and share some of that revenue with the startup. Will license the AI model.
Musk posted on his social media platforms late Saturday night:
The Journal, citing people familiar with the matter who it did not identify, said XAI would support the development of other features for Tesla, including voice assistants in its electric cars and software to power its humanoid robot Optimus. Is.
The terms of any revenue-sharing agreement between XAI and Tesla will partly depend on how much Tesla trusts XAI’s technology, the report said, adding that An equitable revenue sharing from FSD has been discussed.
xAI could not be reached for comment.
Musk launched xAI last year to compete with Microsoft-backed OpenAI. This led to concerns that he might allocate some of the automaker’s resources to the AI company.
He has said that xAI will be “instrumental in advancing full self-driving and the construction of new Tesla data centers,” adding that there were opportunities to integrate xAI’s chatbot, Grok, with Tesla’s software.
In July, the billionaire CEO said he and the Tesla board would discuss a $5 billion (roughly Rs. 41,979 crore) investment in xAI.
© Thomson Reuters 2024
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