Elon Musk New AI Company: Recent reports from The Wall Street Journal and The Financial Times suggest that Elon Musk has formed a new artificial intelligence firm, known as X.AI Corp., in the state of Nevada.
Musk's new company is what appears to be a rival to ChatGPT-maker OpenAI despite recently advocating for an overall stop in artificial intelligence development.
Musk is now in talks with various investors from SpaceX and Tesla about potential investments in his new firm. According to a state business document, Musk, who already runs Twitter and Tesla, was designated a director of X.AI Corporation on March 9.
This audacious action comes just after Musk issued an open letter requesting a temporary halt to AI technology research.
According to a state document, Musk is the sole director of the new firm, which is incorporated in Nevada, and Jared Birchall, the director of his family's offices, is the secretary.
Musk, who has previously expressed reservations about the advancement of artificial intelligence, is said to have hired two former DeepMind researchers, including scientist Igor Babuschkin, to manage the new project.
It has been reported that Musk has acquired 10,000 GPUs to support AI research at one of data centres.
The reports suggested that he is already in talks with Tesla and SpaceX investors about investing in his new firm.
The tech tycoon, who co-founded OpenAI but left in 2018, is now prepared to compete with his old company.
After released ChatGPT, a groundbreaking bot capable of creating natural language prose from short instructions, the industry was already buzzing.
While the exact details of the X.AI Corp have not been revealed, earlier sources indicate that Musk is focusing on developing "truth-seeking" AI models and is attempting to produce a competitor to the popular AI language model, ChatGPT.
However, given Musk's track record of innovation and disruption, the company is expected to be widely followed by both the tech industry and investors.