Elon Musk Will Challenge OpenAI, Plans To Start Own AI Startup "X.AI Corp" : Report

According to persons familiar with his plans, billionaire Elon Musk is preparing to create a rival artificial intelligence startup to ChatGPT-maker OpenAI, a news agency reported on Friday.

According to a report of news agency , Twitter owner Elon Musk is putting together a team of AI researchers and engineers and is in talks with several SpaceX and Tesla Inc investors about raising money for his latest venture.

According to the narrative, Twitter owner Musk is putting together a team of AI academics and engineers and is also in talks with several SpaceX and Tesla Inc. investors about raising capital for his new business.

According to the reports, Musk has purchased hundreds of graphics processing units from Nvidia Corp. These systems provide the compute necessary for demanding activities like AI and advanced graphics. On Friday, the report increased shares of the chip company which declined to comment on the matter. According to a state file, Musk registered a company called X.AI Corp, which was formed in Nevada, last month. Musk is listed as the company's only director while Jared Birchall, the family office's managing director, is listed as the secretary.

If the business was associated with Musk's rumored AI start-up aspirations remained unclear. An inquiry for comment from Reuters was not answered by Musk. OpenAI, which was founded as a non-profit organization in 2015, includes Musk as one of its co-founders. In 2018, he resigned from the board of the company.

It's important to note that X.AI had been founded before Musk signed an open letter calling for a six-month pause in the creation of powerful AI systems. The letter was published on the website of the Future of Life Institute, a project Musk supported.

A number of businesses, including Microsoft Corp. and Alphabet Inc., are attempting to incorporate Generative AI, the technology behind the ChatGPT chatbot craze, into their offerings.

According to the millionaire CEO of Tesla and other notables, "AI systems with human-competitive intelligence can pose profound risks to society and humanity."