{"id":13093,"date":"2024-06-14T09:33:22","date_gmt":"2024-06-14T01:33:22","guid":{"rendered":"https:\/\/www.1ai.net\/?p=13093"},"modified":"2024-06-14T09:33:22","modified_gmt":"2024-06-14T01:33:22","slug":"%e7%89%b9%e6%96%af%e6%8b%89%e8%82%a1%e4%b8%9c%e8%b5%b7%e8%af%89%e9%a9%ac%e6%96%af%e5%85%8b%e5%b0%86%e8%b5%84%e6%ba%90%e8%bd%ac%e7%a7%bb%e5%88%b0%e5%85%b6ai%e5%85%ac%e5%8f%b8xai","status":"publish","type":"post","link":"https:\/\/www.1ai.net\/en\/13093.html","title":{"rendered":"Tesla shareholders sue Musk for shifting resources to his AI company xAI"},"content":{"rendered":"<p>Several<a href=\"https:\/\/www.1ai.net\/en\/tag\/%e7%89%b9%e6%96%af%e6%8b%89\" title=\"[View articles tagged with [Tesla]]\" target=\"_blank\" >Tesla<\/a>Shareholders recently filed a lawsuit in Delaware against the company&#039;s CEO<a href=\"https:\/\/www.1ai.net\/en\/tag\/%e9%a9%ac%e6%96%af%e5%85%8b\" title=\"[View articles tagged with [Musk]]\" target=\"_blank\" >Musk<\/a>and the board intentionally diverted the company\u2019s talent and resources to Musk\u2019s competing AI company <a href=\"https:\/\/www.1ai.net\/en\/tag\/xai\" title=\"[View articles tagged with [xAI]]\" target=\"_blank\" >xA<\/a>The company, founded in 2023, aims to understand the &quot;true nature of the universe.&quot; Shareholders claim that Musk and the board violated their fiduciary duties to Tesla by launching xAI.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.1ai.net\/wp-content\/uploads\/2024\/05\/202307180849462170_0.jpg\" alt=\"Musk&#039;s xAI is close to a $10 billion deal with Oracle\" \/><\/p>\n<p>For years, Musk has tried to position Tesla as a robotics and artificial intelligence powerhouse, rather than just a car company. That narrative has driven Tesla\u2019s stock price higher, making the company more valuable than all the top automakers combined. Meanwhile, Musk \u201cshifted scarce talent and resources from Tesla to xAI, and promoted xAI\u2019s access to Tesla\u2019s AI-related data while raising billions of dollars,\u201d the lawsuit states.<\/p>\n<p>Tesla shareholders also cited a recent CNBC report accusing Musk of ordering thousands of Nvidia-made AI chips that were supposed to be delivered to Tesla to be diverted to the social media company. After the CNBC article was published, Musk wrote on xAI that Tesla could not accept Nvidia&#039;s GPUs because its factory in Austin, Texas was not yet completed. He also estimated that Tesla will purchase $3 billion to $4 billion in AI chips from Nvidia in 2024.<\/p>\n<p>The shareholders also accused Tesla&#039;s board of directors of taking no action, allowing Musk to &quot;plunder resources from Tesla and transfer them to xAI; and create billions of dollars of AI-related value at another company.&quot;<\/p>\n<p>It\u2019s worth noting that this isn\u2019t the only shareholder lawsuit to emerge this week. An institutional investor sued the company, claiming that Musk used insider information to make billions of dollars by selling Tesla stock.<\/p>","protected":false},"excerpt":{"rendered":"<p>Several Tesla shareholders recently filed a lawsuit in Delaware against the company's CEO, Musk, and the board of directors for knowingly diverting the company's talent and resources to Musk's competing artificial intelligence company, xAI. the company, founded in 2023, aims to understand \"the true nature of the universe.\" Shareholders claim that Musk and the board violated their fiduciary duties to Tesla by launching xAI. For years, Musk has tried to position Tesla as a robotics and AI powerhouse, not just a car company. That narrative has driven up Tesla's stock price, making the company more valuable than all the top automakers combined. And at the same time, Musk has \"shifted scarce talent and resources from Tesla to xAI and has financed xAI for several<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146],"tags":[356,1341,355],"collection":[],"class_list":["post-13093","post","type-post","status-publish","format-standard","hentry","category-news","tag-xai","tag-1341","tag-355"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/13093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/comments?post=13093"}],"version-history":[{"count":0,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/13093\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/media?parent=13093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/categories?post=13093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/tags?post=13093"},{"taxonomy":"collection","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/collection?post=13093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}