O’Leary Ventures Chairman Kevin O’Leary stresses the significance of coverage following Zohran Mamdani’s NYC mayoral victory, President Donald Trump and Elon Musk’s relationship, the ‘huge, lovely invoice’ and the state of TikTok.
SpaceX is investing $2 billion into xAI, Elon Musk’s synthetic intelligence firm, as a part of a $5 billion fairness spherical, in line with a report.
The funding, which was first reported by The Wall Avenue Journal, citing buyers accustomed to the matter, represents an additional deepening of ties between Musk’s firms, which embody SpaceX, Tesla and the social media platform X.
Musk has repeatedly mobilized his companies to spice up his AI startup.
TESLA VEHICLES TO GET GROK AI CHATBOT STARTING NEXT WEEK, MUSK SAYS
A 3D-printed miniature mannequin of Elon Musk and the xAI emblem are seen on this illustration taken January 23, 2025. (Reuters / Reuters Images)
Earlier this 12 months, Musk merged xAI with X, which helped lengthen the attain of its Grok chatbot. The merger valued the brand new firm at $113 billion, with the Grok chatbot now powering Starlink assist and being eyed for future integration into Tesla’s Optimus robots, in line with the report.
The dedication from SpaceX comes as Musk’s AI startup seeks to compete with rival OpenAI. The startup additionally continues to spend closely on mannequin coaching and infrastructure.
On Sunday, Musk addressed a put up on X about whether or not Tesla may additionally put money into xAI.
Elon Musk gestures as he attends the Viva Expertise convention devoted to innovation and startups on the Porte de Versailles exhibition heart in Paris, France, June 16, 2023. (REUTERS/Gonzalo Fuentes/File Photograph / Reuters Images)
“It might be nice, however topic to board and shareholder approval,” Musk mentioned.
Musk has referred to as the Grok chatbot “the neatest AI on this planet,” though it has not too long ago been the topic of controversy after utilizing antisemitic language in its responses, which xAI apologized for, blaming the trigger on an replace to the chatbot.
LINDA YACCARINO STEPS DOWN AS CEO OF MUSK’S SOCIAL MEDIA PLATFORM X
SpaceX headquarters in Hawthorne, California, US, on Tuesday, April 19, 2022. (Alisha Jucevic/Bloomberg by way of Getty Photos / Getty Photos)
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“First off, we deeply apologize for the horrific conduct that many skilled,” the corporate mentioned. “Our intent for@grok is to offer useful and truthful responses to customers. After cautious investigation, we found the basis trigger was an replace to a code path upstream of the @grok bot. That is unbiased of the underlying language mannequin that powers @grok.”
The Wall Avenue Journal and Reuters contributed to this report.