• Wed. Jul 17th, 2024

Elon Musk Is Reportedly Planning On Developing His Own AI Firm

Phillip Seefeldt

ByPhillip Seefeldt

May 2, 2023

Irrespective of the recent open condemnation of artificial intelligence, Elon Musk (the CEO of SpaceX and Tesla) seems to be operating on a project powered by AI technology. The project is reported to operate as a rival of ChatGPT. It was reported by the Financial Times and the Wall Street Journal that Musk has begun an exclusive AI company named X.AI Corp.

Elon Musk to Launch an Exclusive AI Company to Compete with ChatGPT

As per the Financial Times, the CEO of Twitter is at present doing some talks with the Tesla Inc and SpaceX investors to collect capital to back his exclusive platform. In addition to this, he is currently appointing AI-related engineers and researchers to provide their services in this respect. A state filing submitted in Nevada last month was recently received by the Journal.

The respective filing indicates that Musk will be the only director of the company. Moreover, Jared Birchall (the person serving as the director of the family office of Musk) is additionally named as the secretary of the new company. The billionaire entrepreneur has not yet commented on the respective development.

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The strategy to be followed by Musk for the exclusive platform was declared only weeks following his, as well as the rest of the AI executives and academics, asserted developing systems with additional abilities than ChatGPT 4 of OpenAI. The document additionally discloses that an official registration has been obtained by X.AI in Nevada. The company is presently funded by up to $100,000.

No other company-based or individual strategies have been mentioned. Neither does the filing mention the engagement of the firm with AI or other such things apart from what is in advance conveyed by its title. On the other hand, Musk recently joined Twitter with an exclusive shell firm he named “X.” With this move, the activities of Twitter will be dissolved, but its moniker will be kept as it is.

Irrespective of Musk’s earlier demand for AI development-related suspension, this endeavour is supposed to be a substitute for OpenAI (the entity responsible for creating ChatGPT). Business Insiders disclosed a few days back that Musk has obtained several graphics processing units (GPUs) that can allow high-powered computers to carry out the operations such as high-end graphics and artificial intelligence.

Musk mentioned that everyone is now purchasing GPUs hence Tesla and Twitter are also purchasing them. A recent Independent-based article pointed out that Musk is stealthily operating to develop an AI-based program for his microblogging platform. In the words of the Independent, the well-known billionaire has in advance appointed a couple of researchers belonging to the prominent artificial intelligence (AI) venture called DeepMind.

Top Billionaire Purchases 10,000 GPUs

As per the report, Musk has also bought almost 10,000 GPUs. A source acquainted with the matter brought to the front that it is happening for sure. This is not the first time that Musk is developing an AI-powered project. Back in 2015, he chaired and co-founded OpenAI in collaboration with Sam Altman (the present CEO of the platform).

As reported by the Journal, Musk thinks ChatGPT is functionally biased. He stated he expected to create AI models that would be “truth-seeking.”

In the meantime, IDC anticipates that by this year, AI-related spending will have witnessed a spike of $100B around the world as opposed to the $38B witnessed back in 2019. The respective sectors are displaying indications of elevating acceptance of and investment in AI technologies.

Phillip Seefeldt

Phillip Seefeldt

Phillip Seefeldt is a skilled and perceptive news writer known for his comprehensive analysis and engaging writing style. With a commitment to accuracy and a deep understanding of current affairs, his articles provide readers with insightful perspectives and thought-provoking insights.

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