Elon Musk Polls Public on $5 Billion AI Investment

Elon Musk has launched a poll on social media platform X to gauge public opinion on whether Tesla should invest $5 billion in his AI startup, xAI. This move requires board approval and a shareholder vote. In May, xAI had raised $6 billion, reaching a $24 billion valuation.

Elon Musk has sparked public interest by launching a poll on social media platform X, asking users whether Tesla should invest $5 billion in his artificial intelligence startup, xAI.

'Board approval & shareholder vote are needed, so this is just to test the waters,' Musk clarified, indicating the preliminary nature of the poll.

Tesla has not yet responded to a request for comment from Reuters, and xAI has also remained unreachable. Notably, xAI had raised $6 billion in series B funding in May, bringing its post-money valuation to $24 billion.

(With inputs from agencies.)