Tesla shareholders sue Elon Musk for diverting resources to support xAI – DiarioBitcoin

The lawsuit against Musk and the shareholders of tesla details that the tycoon is moving resources, funds and human talent from the automobile company to work in xAI, artificial intelligence development company launched in the middle of last year.

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• Shareholders of tesla They filed a lawsuit against Elon Musk and members of the board
• They accuse Musk of moving resources, talent and teams tesla for the benefit of xAI
• They denounce that the Tesla board does nothing to stop Musk’s actions
• Musk is currently looking to position xAI in the AI ​​field as a competitor to OpenAI

A group of shareholders tesla filed a legal complaint against Elon Musk and the members of the company’s board of directors, in which they point out that they are diverting human and monetary resources to finance xAI, the entity announced and launched almost a year ago by the tycoon to compete in the field of artificial intelligence (AI).

Shareholders of tesla They sue Musk and members of the board

As reported in reports published by The Verge, Business Insider and TechCrunchthe claim was submitted to the Delaware Court, where tesla has its main headquarters.

In the legal dispute, the plaintiffs allege that Musk and members of the board are not positioning Tesla “as a car company but as a robotics and artificial intelligence powerhouse”as well as the diversion of talents and capital to xAI, even offering access to the latter of the data they manage from the automotive company.

Taking into account that xAI recently raised some USD $6 billion in financing rounds, the plaintiffs of tesla They also warn about the improper use of other resources that are supposedly the responsibility of the company. For example, they cite a report published by the chain CNBC, where Musk would have ordered thousands of chips developed by Nvidia for the car company were diverted to X, the social network formerly known as Twitter.

But beyond Musk’s actions, the plaintiffs also charge that the board of directors of tesla It does nothing to stop the irregularities perpetrated by the tycoon, who clearly intends to benefit his AI company to the detriment of the renowned electric vehicle manufacturing company.

Musk and the competition in the AI ​​sector

After being harshly critical of the dangers that the misuse of artificial intelligence could bring, Musk launched his own technology company months ago. AI, better known as xAI, which to date has only launched a single product on the market, the chatbot Grok.

This chatbot is promoted as a much more avant-garde version of the iconic ChatGPT of OpenAI, which is currently only available to users Premium from social network X.

In addition to Grok, the company xAI also recently released SDI, its new integrated development environment for engineering, interpretability and research related to AI.

However, Musk has openly had conflicts with OpenAI in recent times, greatly raising their claims after the announcement of the alliance between said company and Manzana, which will allow the linking of GPT.4o with the assistant Siri, thus optimizing many services that it offers to all users.

Article by Angel Di Matteo / DailyBitcoin

Picture of DiarioBitcoin, under free use license

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