Musk relies on the power of his business empire to support the dream of AI, and the money-burning machine urgently needs the support of Tesla shareholders.

date
15/07/2025
Elon Musk's business empire's funds are increasingly converging towards one direction, that is artificial intelligence. The billionaire stated on Sunday that he plans to allow Tesla shareholders to vote on whether to allow the company to invest in the artificial intelligence firm xAI, founded two years ago. According to sources, Musk's space transport company SpaceX has recently agreed to invest about $2 billion in xAI. Musk said he does not support merging xAI with other companies, but hopes Tesla investors can share in xAI's growth dividends. In March of this year, xAI was merged into Musk's social platform X in a deal valued at $113 billion. However, Musk did not specify how his various companies investing in xAI would curb the company's burning rate of $1 billion per month. xAI is currently attempting to develop advanced AI models, competing with rivals such as OpenAI, but has not yet established a strong foothold in large enterprise clients or the developer community.