(CNBC) Elon Musk’s multiple ventures and the relationships between them are facing increased scrutiny as the Tesla CEO continues to add more to his plate. During Tesla’s second-quarter earnings call on Wednesday, Truist analyst William Stein asked Musk about yet another tech venture he has started up and incorporated in Nevada: xAI. Musk recently said that the artificial intelligence startup aims to compete with Google Bard or OpenAI’s ChatGPT someday, and plans to collaborate with Tesla on software and silicon alike.
Why Tesla investors should care about Elon Musk’s multiplying ventures
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