As Silicon Valley vies for supremacy in the fast-emerging field of artificial intelligence, rumors have circulated that Elon Musk plans to start an AI business to compete with Rival OpenAI, the developer of ChatGPT.
According to the Financial Times, the billionaire CEO of Tesla and Twitter is in the midst of assembling a team of AI academics and engineers and is in discussions with a number of investors.
“A lot of people are putting money into it. A source familiar with the discussions told the newspaper, “It’s real and they’re excited about it.” The source referenced Nevada business papers revealing that on March 9th, Musk formed a company named X.AI, of which he is the only director.
This looks to be a dramatic shift in focus, as he will soon be competing in the rapidly evolving generative AI area with industry heavyweights like Microsoft, Google, and Amazon as well as cutting-edge startups like OpenAI. In a letter signed by more than 1,800 people, Musk urged a six-month halt on AI development just a few weeks ago. Some of the signatories were shown to be forgeries at a later time.
Musk just updated Twitter’s legal name to X Corp. This was all a part of his strategy to create a universal software he was calling “X.”
Twitter, Tesla, SpaceX, Neuralink, and his tunneling firm, The Boring Firm, are all part of his corporate empire.
It is still not confirmed wether Elon Musk will generate his own Rival AI or not.