According to recently discovered corporate paperwork, Elon Musk founded the artificial intelligence company X.AI Corporation in the US state of Nevada.
Details on Elon Musk will compete against ChatGPT with a new AI startup
The records, which were uncovered on Friday, according to media reports, named Musk as the director of the business, which was established on March 9th according to the state’s corporate registration. In addition, Musk also serves as the CEO of Twitter and Tesla at the moment.
Earlier on Friday, the Financial Times reported, citing sources familiar with Elon Musk’s plans, that the billionaire was developing an artificial intelligence start-up to compete with ChatGPT-maker OpenAI.
Musk recently combined Twitter with a brand-new shell corporation named “X,” keeping the brand name but doing rid of the core operation. Despite Musk’s prior demand for a halt in AI development, this move is considered as a potential rival to OpenAI, the company that developed ChatGPT.
Musk reportedly made considerable cost-cutting measures, like as layoffs, while also investing in potent computing chips and hiring engineering talent for a Twitter AI project.
It’s important to note that X.AI was established before Musk signed an open letter calling for a six-month hiatus in the creation of potent AI systems. The letter was published on the website of the Future of Life Institute, a project Musk supported.
A number of businesses, including Microsoft Corp. and Alphabet Inc., are attempting to incorporate Generative AI, the technology underlying the ChatGPT chatbot craze, into their products.
According to the wealthy CEO of Tesla and other notables, “AI systems with human-competitive intelligence can pose profound risks to society and humanity.”
According to the Financial Times, Musk has purchased hundreds of graphics processing units from Nvidia Corp. These systems provide the compute necessary for demanding activities like AI and advanced graphics. On Friday, the report increased shares of the semiconductor firm, which declined to comment on the situation.
According to state documents, Musk recently established a business called X.AI Corp. in Nevada, where he is identified as the only director and Jared Birchall, the managing director of Musk’s family office, is listed as the secretary.
It’s unclear whether this business is associated with Musk’s rumoured AI start-up endeavours, and Musk hasn’t reacted to Reuters’ request for comment. Musk left the company’s board in 2018, however he was one of the co-founders of OpenAI, which had been founded in 2015 as a non-profit.
