: Tesla’s Elon Musk says his new company xAI will ‘enhance’ Tesla value

Tesla Inc. TSLA Chief Executive Elon Musk said that his new venture, a startup focusing on artificial intelligence, will not compete with the EV maker but instead may even “enhance the value of Tesla.” Speaking at Tesla’s conference call after quarterly results late Wednesday, Musk said that xAI, whose launch he announced on Twitter last week, was a way to retain “some of the world’s best AI engineers and scientists” who were not interested in joining Tesla but were open to coming to a startup, Musk said. The AI startup initially will focus on artificial general intelligence, Musk said. AGI is a type of AI generally understood to come to closest to human cognition.

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