Entrepreneur Elon Musk is preparing to launch a startup that will compete with Openai, the creator of Chatgpt, a media report has revealed. According to knowledgeable sources cited, the owner of Twitter and Tesla is already assembling a team of developers and speaking with investors.
Elon Musk reportedly working to establish Openai Rival, registers X.AI Corp
Tech investor Elon Musk is pushing to found a startup that will compete with the company behind Chatgpt’s artificial intelligence (AI) assistant Openai, the Financial Times revealed on Friday, citing people familiar with the billionaire’s intentions.
The publication claims that Musk is now recruiting artificial intelligence engineers while holding talks with some investors in Spacex and Tesla, two of his best-known business ventures along with Twitter, about backing the new company, Reuters cited the report.
Companies such as Microsoft-funded Openai and Google parent Alphabet have been working to incorporate AI into their offerings despite calls from regulators to introduce comprehensive rules for the technology before it is widely deployed.
News of Musk’s new plan comes weeks after a group of AI researchers and executives, including himself, called for a six-month pause on development of systems more powerful than Openai’s latest GPT-4 model, warning about potential risks to society.
In fact, Elon Musk was one of the founders of open, launched as a nonprofit in 2015, and initially co-chaired it. The investor left his board in 2018. In March 2023, he registered a company called X.AI Corp in Nevada, though it’s unclear if the company is linked to the reported efforts.
The Financial Times also wrote that the businessman has obtained thousands of graphics processing units (GPUs) from chipmaker Nvidia. The hardware is necessary to power AI applications. Last month, Nvidia’s CTO was quoted as saying that artificial intelligence is more useful than cryptocurrency mining.
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