Elon Musk has refuted claims that his artificial intelligence venture, xAI, has engaged in discussions regarding a share of future Tesla revenues in exchange for providing the electric vehicle manufacturer with access to xAI's technology and resources.

According to a report from The Wall Street Journal on Saturday, Tesla was purportedly set to license xAI's AI models to enhance its driver-assistance software and full self-driving capabilities, with plans to share some of the resulting revenue with the startup.

Musk stated late Saturday on his social media platform X that while Tesla has gained valuable insights from conversations with xAI engineers that have expedited the development of unsupervised full self-driving technology, there is no necessity to license any technology from xAI, deeming the report "not accurate."

The Journal, referencing unnamed sources, indicated that xAI would also assist in developing additional features for Tesla, such as a voice assistant for its electric vehicles and software for its humanoid robot, Optimus.

The potential terms of any revenue-sharing agreement would be influenced by the extent to which Tesla utilizes xAI's technology compared to its own, with discussions reportedly including an equal revenue split from Tesla's full self-driving initiatives.

xAI was unavailable for comment. Musk established xAI last year to rival Microsoft-backed OpenAI, raising concerns about the possible diversion of resources from the automaker to the AI firm.

He has mentioned that xAI would be beneficial in enhancing full self-driving capabilities and in developing a new Tesla data center, with possibilities for integrating xAI's chatbot, Grok, into Tesla's software.

In July, Musk indicated that he and the Tesla board would consider a $5 billion investment in xAI.