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Some Tesla engineers are reportedly jumping ship to Elon Musk's AI startup

Business Insider

Business Insider · 1y ago

Some Tesla engineers are reportedly jumping ship to Elon Musk's AI startup

Elon Musk's artificial intelligence startup, xAI, has reportedly been hiring engineers from Tesla, with three former Tesla engineers joining the company since its launch last summer. One of the engineers, Ethan Knight, had previously been working on computer vision for Tesla's self-driving technology. Musk accused OpenAI, another AI company, of aggressively recruiting Tesla engineers and claimed that he has been raising salaries for Tesla's AI engineering team in response. Musk recently expressed a desire for more control over Tesla's AI strategy and stated that he would feel uncomfortable expanding the company's capabilities without controlling a quarter of the voting bloc.

Related News

Musk says Tesla is boosting engineer pay in AI talent war

Livemint

Livemint · 1y ago

Tesla is reportedly increasing salaries for its AI engineers to prevent them from being poached by OpenAI. CEO Elon Musk acknowledged that OpenAI has been aggressively recruiting Tesla engineers with lucrative offers and has succeeded in some cases. Musk referred to it as the "craziest talent war" he has ever seen. This comes as a response to reports of a Tesla machine-learning scientist leaving to join Musk's AI startup, xAI. Musk had initially supported OpenAI but has since had a falling-out with the company.

Elon Musk says he's raising Tesla engineer salaries because OpenAI has been aggressively poaching them with massive paydays

Business Insider

Business Insider · 1y ago

Elon Musk says he's raising Tesla engineer salaries because OpenAI has been aggressively poaching them with massive paydays

Tesla CEO Elon Musk has announced that the company is increasing compensation packages for its AI engineering team in response to recruitment efforts by OpenAI. Musk stated that OpenAI has been successful in enticing some Tesla engineers with lucrative offers, and Tesla is taking action to retain its talent. Competition for AI talent has been intensifying in the tech industry, with companies like Meta and Google also adopting various tactics, such as personalized emails and higher pay offers, to attract and retain skilled AI researchers and engineers.

Elon Musk’s xAI nears funding at $18 billion value soon as this week

Economic Times

Economic Times · 1y ago

Elon Musk’s xAI nears funding at $18 billion value soon as this week

Elon Musk's AI startup X.AI Corp. is reportedly finalizing a funding round with a valuation of around $18 billion. The exact size of the round remains to be determined, with participants including Sequoia Capital. The funding is being marketed using a pitch deck that highlights Musk's success with Tesla and SpaceX, along with the advantage of being able to leverage data from Musk's social network, X. X.AI aims to compete in the AI chatbot space with other well-established companies like OpenAI.

Elon Musk’s SpaceX might invest $2 billion in Musk’s xAI | TechCrunch

TechCrunch · 4d ago

Elon Musk’s SpaceX might invest $2 billion in Musk’s xAI | TechCrunch

SpaceX is reportedly investing $2 billion in Elon Musk's AI startup, xAI, as part of a broader $5 billion equity raise. This marks SpaceX's first and largest investment in another company. xAI’s chatbot Grok is already used for customer service in SpaceX’s Starlink service, with further collaborations anticipated. Despite recent controversies, including Grok's offensive comments, Tesla plans to incorporate Grok into its vehicles, highlighting Musk's strategy of cross-company support.

Hewlett Packard Enterprise secures $1 billion AI server deal for Elon Musk's X, Bloomberg News reports

Economic Times

Economic Times · 6m ago

Hewlett Packard Enterprise secures $1 billion AI server deal for Elon Musk's X, Bloomberg News reports

Hewlett Packard Enterprise secured a deal over $1 billion to supply AI-optimized servers to Elon Musk's X, as reported by Bloomberg News. The agreement, reached last year, saw competition from Dell Technologies and Super Micro Computer. AI servers are in high demand as companies seek hardware for AI applications. Musk's ventures, like Tesla and xAI, are key customers. HPE shares gained 1% following the announcement.

Meet the Tesla diehards sticking with the stock despite its disastrous year

Livemint

Livemint · 1y ago

Meet the Tesla diehards sticking with the stock despite its disastrous year

Individual investors have remained committed to Tesla despite recent stock market declines. Many are drawn to the company's technology and CEO Elon Musk's vision, even though Tesla shares have fallen nearly 40% this year. Estimates suggest that individual investors have invested a net $5.9 billion into Tesla in 2024. While some investors are considering selling their shares due to frustration with stock declines and design choices, others are sticking with their investments and taking advantage of the lower valuation. Tesla remains a controversial stock among analysts, with varying opinions about its future prospects.

Elon Musk's AI startup seeks to raise up to $6 billion

Economic Times

Economic Times · 1y ago

Elon Musk's AI startup seeks to raise up to $6 billion

Elon Musk's AI startup, xAI, is reportedly in discussions to raise up to $6 billion from global investors, potentially valuing the company at up to $20 billion. Musk, known for emphasizing AI safety, launched xAI's chatbot "Grok" to compete with OpenAI's ChatGPT. The fundraising efforts include talks with family offices in Hong Kong, sovereign wealth funds in the Middle East, and investors in Japan and South Korea. Last month, xAI filed with the SEC to raise up to $1 billion. Musk has stressed the need for more voting control at Tesla to pursue AI development.

Elon Musk: AI will be smarter than any human around the end of next year

Arstechnica

Arstechnica · 1y ago

Elon Musk: AI will be smarter than any human around the end of next year

During a recent live interview, Tesla CEO Elon Musk predicted that AI superintelligence will surpass human intelligence by the end of next year. He highlighted the rapid advancement of AI technology, stating that dedicated AI computers are becoming 10 times more capable every year. However, he cautioned that AI chip shortages and power demands could limit progress until these issues are resolved. While some experts are skeptical of Musk's prediction, acknowledging the difficulty in defining and comparing intelligence, others acknowledge the potential for such advancements in the near future.

Musk’s xAI has discussed deal for share in future Tesla revenue

Livemint

Livemint · 10m ago

Musk’s xAI has discussed deal for share in future Tesla revenue

Tesla is considering a deal with Elon Musk's AI startup, xAI, which would provide the carmaker with access to xAI's technology and resources in exchange for a share of Tesla's revenue. The proposed arrangement would involve Tesla licensing xAI's AI models to enhance its driver-assistance software, as well as collaborating on developing features like a voice assistant and a humanoid robot. The terms of the revenue-sharing agreement would depend on how extensively Tesla uses xAI's technology. This partnership would further demonstrate Musk's practice of sharing assets across his businesses, taking into consideration potential conflicts of interest.

‘Send Musk to Mars’: Worldwide protests erupt as Tesla faces backlash over Elon's politics

Business Today

Business Today · 4m ago

‘Send Musk to Mars’: Worldwide protests erupt as Tesla faces backlash over Elon's politics

Elon Musk's political activities are under scrutiny, leading to global protests and backlash against Tesla. Concerns stem from Musk's policies affecting environmental and labor issues. His strategic involvement in government efficiency is a major point of criticism. The protests and vandalism indicate significant challenges for Tesla as it deals with the consequences of Musk's political ties and decisions.

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