(Reuters) – Elon Musk, Tesla’s CEO, announced on Thursday that he and the company’s board of directors will discuss investing $5 billion in his artificial intelligence business xAI, raising concerns about a conflict of interest.
Musk, the world’s richest person, founded xAI last year in an effort to compete with Microsoft-backed OpenAI. That raised concerns that he would shift part of the automaker’s resources to the AI startup.
Many Musk supporters have backed the notion. On Tuesday, Musk posted a poll on the social media site X, asking people whether Tesla should invest $5 billion in xAI.