SpaceX is set to invest $2 billion into Elon Musk's AI startup, xAI, as part of a larger equity raise. This move is aimed at helping xAI compete with industry leader OpenAI and will likely lead to further business collaborations between SpaceX and xAI.

Elon Musk's artificial intelligence company, xAI, is reportedly looking to raise $300 million through a tender offer as it seeks to bolster its operations and expand its influence in the AI sector. This funding effort highlights the ongoing investment interest in AI technologies and Musk's ambition to advance xAI's capabilities.

Elon Musk's xAI Holdings is negotiating with investors to raise approximately $20 billion, potentially valuing the company at over $120 billion. This funding follows the recent acquisition of X, which positions xAI to leverage its AI capabilities alongside X's extensive reach.

Elon Musk announced that Tesla shareholders will soon vote on a proposal to invest in his artificial-intelligence startup, xAI. He expressed his desire for Tesla to have made this investment earlier and is now seeking shareholder approval through a vote.