Elon Musk Denies xAI Talks Impacting Tesla Revenue Streams

Monday, 9 September 2024, 04:47

Elon Musk denies reports of his AI startup xAI being in talks for a share of Tesla's revenue. xAI's technology was not needed for Tesla's future plans, according to Musk. The potential collaboration raises questions about AI's role in enhancing Tesla's technologies, including self-driving features. Musk reiterated that Tesla has sufficient expertise without xAI’s licensing.
Gadgets360
Elon Musk Denies xAI Talks Impacting Tesla Revenue Streams

Elon Musk's Firm Stance Against Revenue Sharing

Elon Musk has refuted a report suggesting that his artificial intelligence startup xAI was in discussions regarding a revenue-sharing arrangement with Tesla. According to the report, xAI would provide crucial technology to Tesla in exchange for a share of future revenues.

Musk's Clarification

Musk took to social media to label the report as inaccurate. He stated, "Tesla has learned a lot from discussions with engineers at xAI that have helped accelerate achieving unsupervised FSD, but there is no need to license anything from xAI."

The Role of xAI in Tesla's Innovations

The Wall Street Journal noted that Tesla might license xAI models to enhance its advanced driver-assistance system and other software innovations. However, Musk's remarks imply that Tesla's existing technologies are sufficient for its needs.

Future Considerations

While Musk launched xAI to compete in the AI sector, the dynamics of Tesla's independent technological growth remain a priority. Discussions about potential investment in xAI continue, but the focus appears firmly on Tesla's own technological capabilities.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe