Elon Musk founded the new company X.AI, which will develop artificial intelligence
The news follows Musk’s decision to rebrand Twitter Inc. as X Corp.
Company will be headed by Musk
The important recording, dated Walk 9 however recently publicizied, records Musk as overseer of an organization called X.AI. Additionally, Jared Birchall, an associate of Musk, is listed as secretary.
It also indicates that X.AI was founded in Nevada and that the company has $100,000 in capital at the moment.
Beyond what is implied in the name, neither the company’s plans nor any additional employees are mentioned in the filing, nor is it explicitly stated that it will work with AI.
Musk uses the letter “X” in a number of his business ventures. Those changes appear to be part of Musk’s plans to create an “everything app” called X, which will combine social networking and payment tools. Twitter Inc. was recently renamed X Corp., and X Holding Corp. owns that company.
Musk’s early financial company, X.com, which was established in 1999 and evolved into PayPal in 2000, is the origin of the “X” naming trend.
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Musk’s involvement with AI
Musk has been involved in the AI industry for a long time. He started the company behind ChatGPT, OpenAI, in 2015, but he left the company in 2018.
According to more recent reports from February, Musk has hired Igor Babuschkin, a former employee of Google’s Deepmind AI division, to create a replacement for ChatGPT.
Musk is one of several experts who have signed a letter urging temporary restrictions on AI training, despite his interest in AI. According to the letter, such restrictions would help prevent any unknown risks and guarantee “a long AI summer.”
There is no indication that cryptocurrency will be utilized in Musk’s AI endeavors. In point of fact, Musk made the comment in March that he is now more interested in AI than cryptocurrency, though it is not clear if he meant it that way.
Musk has not discussed the new company X.AI in public.
