Elon Musk's AI start-up raises $6 billion: What it means for Tesla investors from musk ran Watch Video

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Elon Musk's AI startup xAI has raised $6 billion in a Series B funding round valuing the company at $24 billion. Major investors in the round include Fidelity, Sequoia Capital, Andreessen Horowitz, Prince Alwaleed Bin Talal, and Kingdom Holding. The company's first major product is an AI assistant called Grok that is available to premium users of Elon Musk's social media platform X. Grok competes with AI models like GPT-4, Claude, and Llama and aims to provide an advanced language model. xAI is central to Elon Musk's turnaround plans for X after facing challenges since acquiring Twitter.
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A Queensland tribunal has ruled that X must answer to the state's anti-discrimination laws, despite being based in America.
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Elon Musk expressed sadness over Red Lobster filing for bankruptcy, saying he had \
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A group of Tesla shareholders is urging investors to vote against Elon Musk's $46 billion pay package and the re-election of two board members at the upcoming shareholder meeting on June 13. The shareholder group argues that the board is too close to Musk and has failed to properly evaluate his compensation package, which was originally approved in 2018 but struck down by a Delaware court in January due to concerns about the approval process. Tesla has re-proposed the pay package, arguing that Musk earned the compensation by hitting targets related to the company's share price and operations. However, the shareholder group believes that Musk's divided attention among various companies exposes shareholders to unnecessary risk.
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