Elon Musk appears to be launching his own AI business to compete with Microsoft-supported OpenAI just a few weeks after signing a letter requesting a pause on major AI research.Elon Musk has joined the ranks of billionaires investing in AI technologies. According to The Wall Street Journal, the 51-year-old has created a new firm called X.AI. Musk incorporated X.AI as a domestic company in Las Vegas, based on a document dated March 9 in Nevada. The director is named Musk, and Jared Birchall is the secretary.Furthermore, it is speculated that Elon Musks launch of the new AI venture is to compete with Sam Altmans OpenAI, which Microsoft sponsors. It has also been stated that the billionaire requested funds from SpaceX and Tesla investors for investment in the new company.Several reports have presumed Musks plan to launch an artificial intelligence firm. According to one of the reports, the tycoon had also invested in thousands of GPU processors from Nvidia to power a new product powered by generative AI. Twitters CEO has been hard at work building a group of AI researchers and developers. The high-powered GPU processors are high-end chips necessary to develop large language models (LLM), such as ChatGPT. This has fueled speculation that Musk is working on something as powerful, or even more powerful, than OpenAIs hugely successful chatbot.Major changes in Elon Musks different corporationsThe privately held corporation approved the issuance of 100 million shares for sale. Also, Twitter officially integrated with X Corp., a privately held business that is part of Musks X Holdings Company. According to Rule 7.1(a)(1) of the Federal Rules of Civil Procedure, the undersigned attorney for defendant X Corp., who is the successor in interest to the listed defendant Twitter, Inc., hereby declares that Twitter, Inc. has been merged into X Corp. and is no longer in existence.Elon Musk contradicts his own statementThere has been no clarity on what Musk plans to do with his AI startup. Musks resistance to OpenAIs growth, on the other hand, has been clear for some time, and he has been very vocal about the threat of AI at multiple events. Musk has stated to American TV personality Tucker Carlson, “AI is a greater risk than, say, mishandled aircraft design or unsafe car manufacturing.”Interestingly, the latest development also coincides with a recent open letter calling for a six-month halt on AI advancements, which Elon Musk and 1000 other dignitaries also signed. Musk and other executives had sought an interruption to developing a more powerful AI than GPT-4, citing societal hazards. Meanwhile, in response to Musks open letter, Sam Altman agreed with some aspects of the letter, yet, he felt it lacked technical nuance. Altman was digitally speaking at an MIT event.The news about Musks AI company comes as Alphabet Inc and Microsoft Corp race to incorporate generative AI technology into their services and products. It should also be mentioned that as ChatGPT achieves widespread acceptance, it has also drawn opposition from several countries due to concerns about privacy and various other issues.
