Elon Musk is a well-known entrepreneur and innovator who has been involved in creating several successful companies. His first venture was Zip2, a software company he co-founded in 1995 that provided online business directories and city guides for newspapers. In 1999, Musk sold Zip2 for almost $300 million and went on to co-found X.com, an online payment company that later became PayPal. PayPal was sold to eBay in 2002 for over $1 billion, and Musk used his earnings to start SpaceX, a private space exploration company, in 2002. In 2004, Musk also co-founded Tesla, an electric car company that has since become a leading player in the industry. His most recent purchase includes the social media giant Twitter, which was purchased for $44 billion. Now, reports are stating that Elon Musk has founded a new Artificial Intelligence company.
Last week, news came through that Elon Musk had made a gigantic purchase of around 100,000 GPUs. It was apparent that the billionaire was working on something big, and this news confirms that. Recent reports from The Wall Street Journal and The Financial Times reveal that Musk has founded a new AI company named X.AI Corp. Based on state filings viewed by the sources, the new company is incorporated in Nevada, with Musk as the sole director and Jared Birchall, the director of his family’s offices, as the secretary. Known for his penchant for the letter “X”, Musk has even renamed Twitter, Inc. as X Corp.
Although Musk has been involved in AI projects before, he recently expressed concerns about ChatGPT‘s political bias and advocated for its regulation. The Journal suggests that Musk wants to create AI models that are “truth-seeking.” The details of his plans for X.AI Corp and whether he intends to develop a competitor to ChatGPT remain unclear, but reports indicate that he has hired former DeepMind researchers and we already know he purchased thousands of GPUs for AI development. Moreover, he’s already in discussions with investors for Tesla and SpaceX to fund his new venture. Musk’s interest in AI is driven by a combination of fascination with the technology’s potential and a sense of responsibility to ensure that it is developed and used safely and ethically. Only time will tell if Musk conforms to his beliefs with the launch of his AI-based company.
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