Musk leverages the power of his business empire to support his AI dream burning machine, urgently needs support from Tesla shareholders

According to Golden Finance, the funds of Elon Musk's business empire are increasingly converging in one direction, which is artificial intelligence (AI). The billionaire announced on Sunday that he plans to have Tesla shareholders vote on whether to allow the company to invest in xAI, an artificial intelligence company founded two years ago. According to insiders, Musk's space transportation company SpaceX has recently agreed to invest approximately $2 billion in xAI. Musk stated that he does not support merging xAI with other companies, but hopes that Tesla investors can share the dividends of xAI's growth. In March of this year, xAI merged into Musk's social platform X through all stock trading, with a valuation of $113 billion. However, Musk did not specify how his multiple companies investing in xAI would curb the company's monthly burning rate of $1 billion. XAI is trying to build advanced AI models and compete with competitors such as OpenAI, but it has not yet established a firm foothold among large enterprise clients or a core position in the developer community.