Thursday, February 22, 2024

Musk unveils his AI company, X.AI, in a tweet

X.AI Corp. started in Nevada on March 9 with Elon's designation as a director and Jared Birchall, a former executive at Morgan Stanley, as secretary.

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Elon Musk is reported to have launched a new artificial intelligence company in the state of Nevada under the name X.AI Corp., as stated in a recent article published in the Wall Street Journal. It is stated that Musk is the company’s director, and it is stated that Jared Birchall is the company’s secretary. It is generally accepted that Birchall serves as Musk’s reliable and trusted right-hand man behind the scenes.

In spite of the fact that Musk has openly advocated for a hiatus of six months in the development of AI tools such as OpenAI’s ChatGPT, he is moving forward with the development of his own AI at a full sprint. Musk played an important role in the establishment of OpenAI in 2015, but he ultimately decided to resign from the company in 2018 as a result of a power struggle.

It has been reported that Elon Musk made an investment in tens of thousands of graphics processing units (GPUs), which will be utilised in the investigation and development of artificial intelligence at one of Twitter’s data centres. The New York Times reports that he is also attempting to persuade investors from Tesla and SpaceX to fund his new company.

Igor Babushkin and Manuel Kroiss were reportedly two of the high-profile individuals in the field of artificial intelligence that Elon Musk hired, according to a report that was published earlier this week in Insider by a journalist. Babushkin was poached from DeepMind, the artificial intelligence division of Alphabet (which is Google’s parent company), and brought on board at Google. Earlier, it was reported by Financial Times that Elon Musk is mulling over the possibility of launching his own artificial intelligence (AI) startup to compete with OpenAI. According to reports, he has started hiring engineers and coders and acquiring funding from SpaceX and Tesla investors in order to accomplish this goal. In addition to that, he made an investment in thousands of GPUs so that a future generative AI product could be powered by them.

Elon Musk has steered clear of talking about this endeavor in previous interviews and tweets he’s sent out. During an interview that took place on Twitter, Elon Musk was asked about his upcoming GPU purchases, but he remained silent when asked about his plans to launch his own artificial intelligence company.

Elon Musk has stated in the past that he wants to create an app that does everything and is simply referred to as ‘X’. This is not the first time that he has said this. He never elaborated on what he meant, but the product is designed to make it possible for the user to carry out any and all responsibilities, including web browsing and online shopping. When he purchased Twitter the year before, he claimed that he did so in order to create X app.

According to him, Twitter will be branded under the name X corp, which is where the rumoured name X.AI comes from. X corp is a subsidiary of Facebook.

Credits: Times Now

It is important to point out that Musk is not a novice when it comes to artificial intelligence. In 2015, he helped to establish OpenAI, a non-profit research organization with the mission of ensuring that the advancement of artificial intelligence is carried out in a responsible manner. OpenAI was the company that was responsible for developing the widely used chatbot ChatGPT.
His departure from the company in 2018 was a direct result of disagreements with the leadership of the organization. Musk’s most recent attempt at developing artificial intelligence (AI), X.AI Corp., appears to be a for-profit company, in contrast to the non-profit endeavors he has undertaken in the past.

There is no way to predict how well X.AI Corporation will perform in the cutthroat AI market, nor can we say for certain whether or not the company will be able to develop a product that can compete with ChatGPT. However, due to Musk’s history of innovation and disruption in the tech industry, industry professionals and investors will be keeping a close eye on the company.

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