Why is the CPP investing your money in xAI?
The Canadian Pension Plan Investment Board (CPPIB) has invested nearly half a billion dollars in xAI, the artificial intelligence company behind Elon Musk's AI chatbot - Grok. The chatbot and its owner have received mounting criticism following the recent influx of deep-fake pornographic content of women and children on X's feeds - a catastrophe that Musk has contributed little to no resources to fix. Host Caryn Ceolin speaks to Jan Mahrt-Smith, associate professor of finance at the University of Toronto, to discuss the risks associated with investing in Musk's chatbot, how the 22 million Canadian investors could be feeling about the move, and whether or not Canadians still trust the government institution to handle their money.
The Big Story · Caryn Ceolin, Jan Mahrt-Smith
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Show Notes
The Canadian Pension Plan Investment Board (CPPIB) has invested nearly half a billion dollars in xAI, the artificial intelligence company behind Elon Musk's AI chatbot - Grok.
The chatbot and its owner have received mounting criticism following the recent influx of deep-fake pornographic content of women and children on X's feeds - a catastrophe that Musk has contributed little to no resources to fix.
Host Caryn Ceolin speaks to Jan Mahrt-Smith, associate professor of finance at the University of Toronto, to discuss the risks associated with investing in Musk's chatbot, how the 22 million Canadian investors could be feeling about the move, and whether or not Canadians still trust the government institution to handle their money.
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