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Tesla to invest $2 billion in xAI, Elon Musk's OpenAI competitor
CNBC· 2026-01-28 21:59
Tesla said on Wednesday that it's agreed to invest $2 billion into Elon Musk's xAI, which he launched almost three years ago as a prospective competitor to OpenAI. The share purchase was related to xAI's $20 billion financing round announced earlier this month. The artificial intelligence startup is best known for developing Grok, an AI chatbot and image generator."Tesla's investment was made on market terms consistent with those previously agreed to by other investors in the financing round," the company s ...