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CPP Investment Board faces scrutiny over $416 million investment in Elon Musk's xAI.
Summary
The Canada Pension Plan Investment Board disclosed about a $416 million investment in Elon Musk's xAI, maker of the Grok chatbot; Grok has been linked to reports of non-consensual deepfake images and faces at least one lawsuit.
Content
The Canada Pension Plan Investment Board reported an approximately $416 million investment in Elon Musk's xAI. The disclosure appeared in a quarterly filing released last year. xAI is the developer of the Grok chatbot, which has been linked to reports of non-consensual deepfake images and has drawn public concern. The company is also facing at least one lawsuit related to those images.
Key details:
- The CPP Investment Board disclosed an approximately $416 million stake in xAI in a quarterly report.
- Reports say xAI's Grok chatbot was used to produce non-consensual deepfake images and the matter has prompted scrutiny.
- Elon Musk announced limits on certain image outputs in some countries, and a lawsuit by Ashley St. Clair has been filed alleging non-consensual deepfakes.
Summary:
The disclosed investment has prompted public scrutiny and legal attention. Undetermined at this time.
