Reportedly, Elon Musk is preparing to establish a new artificial intelligence (AI) startup, X.AI, that will compete directly with OpenAI.
Musk incorporated X.AI in Nevada last month and ratified the sale of 100 million shares for the privately held company. According to state filings, Musk is the sole director of the new company; Jared Birchall, a confidant and the director of Musk’s family office is its secretary.
Earlier in the day, the Financial Times published its own story on Musk’s intent to start a new AI company. The report asserted that Musk has been creating a team of AI researchers and engineers, with recruitment efforts growing to employees of leading AI companies such as Alphabet-owned DeepMind.
The new company’s name echoes Musk’s ambition to create an everything app called X, which he announced on Twitter last year. Musk recently changed Twitter’s name to X Corp and moved its incorporation from Delaware to Nevada. X Corp has a parent company named X Holdings Corp.
Musk’s new venture comes as he has expressed concerns about the potential dangers of artificial intelligence and the need for regulation and oversight. Musk co-founded OpenAI in 2015 with a group of prominent tech entrepreneurs and researchers, intending to create artificial intelligence that could benefit humanity without causing harm or being influenced by corporate or political agendas.
Musk reportedly tried and failed to take over, OpenAI in 2018. He left OpenAI’s board citing a potential conflict of interest with Tesla, which develops AI technology for self-driving cars. Musk has also criticized OpenAI for pursuing artificial general intelligence (AGI). This is the ability of machines to perform any intellectual task.
Tesla billionaire had also reportedly purchased roughly 10,000 graphics processing units (GPU) for his new AI project. Tech companies typically use GPUs to handle the computational workload of unique AI technology.
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