Elon Musk Steps In To Create A ‘Rival’ Firm To OpenAI

Business documents that leaked on Friday claim that Elon Musk has established an artificial intelligence company called X. AI with its headquarters in the US state of Nevada.

According to a state company registration, Musk, who is already in charge of Twitter and Tesla, was designated as a director of the March 9-founded X.AI Corporation.

Musk just combined Twitter with a brand-new “X” shell company, maintaining the platform’s identity but changing the company’s name.

Musk has called for a general halt to the development of artificial intelligence, although he nonetheless founded what appears to be a competitor to ChatGPT-maker OpenAI. According to Reuters citing the Financial Times, tech mogul Elon Musk has entered the race for artificial intelligence (AI) and is creating a competitor business to Chat GPT-builder OpenAI.

Elon Musk is reportedly assembling a group of engineers, researchers, and experts in artificial intelligence (AI) and contacting Tesla and SpaceX investors to help fund his new technology endeavor.

An open letter from technology leaders and AI researchers, including Elon Musk, is published in response to the development, urging a six-month hiatus to create a system that might be significantly more potent than OpenAI’s ChatGPT 4.

It was claimed in the letter that AI labs are presently engaged in an “out-of-control race” to create and implement machine learning systems “that no one — not even their creators — can perceive, forecast, or reliably manage.”

“AI systems with human-competitive intelligence may present profound risks to society and humanity,” the letter stated.

In the letter, which included Musk as one of those calling for a pause on the rapid advancement of AI technology, it was said that “powerful AI systems should only be developed once we are sure that their effects will be positive and their risks will be controllable.”

Tech firms emphasize the incorporation of generative AI, like the one employed in ChatGPT, into their goods and services. Musk registered a business called X.AI Corp, which was formed in Nevada, according to a state filing made last month. Elon Musk is listed as the only director for the company, while Jared Birchall, a managing director for Musk’s family office, is listed as secretary.

Whether the Nevada company has anything to do with Musk’s aspirations to launch an AI start-up is still unknown.

Elon Musk was one of the co-founders of the Microsoft-backed OpenAI, which was established in 2015 as a non-profit; however, in 2018, he left the business board.

According to an Insider story, Musk has engaged engineering expertise and purchased thousands of expensive, powerful processing processors for Twitter’s AI project.

In the meantime, Musk has drastically reduced Twitter’s workforce as part of cost-cutting measures since acquiring the San Francisco company for $44 billion late last year.

A few weeks before Musk and other experts signed an open letter urging a pause in the development of AI, X.AI was founded.

Keep reading our news articles for being updated about the new AI projects.