Business News Report SMW
April 17, 2023

Elon Musk founds X.AI, an AI startup rival to OpenAI

Elon Musk founds X.AI, an AI startup rival to OpenAI

Elon Musk, the tech entrepreneur known as the founder of PayPal, Tesla, and SpaceX, launches his new company, X.AI Corp. The news was shared by The Financial Times and The Wall Street Journal. 

This is not the first time Musk has expressed interest in artificial intelligence. In 2015, he co-founded OpenAI, a research and development company devoted to responsibly advancing AI. However, he left the organization in 2018, citing disagreements on the best way to achieve its goals. 

OpenAI and its product ChatGPT gained massive popularity at the end of 2022. The company has recently announced the extension of its partnership with Microsoft and a $10 billion corporate funding round led by tech giant Microsoft, which is now using GPT-4 in its browser Bing. OpenAI’s API is being implemented into other organizations’ tech products as well. 

Even though Musk co-founded the successful company, he has recently signed an open letter that invites developers to pause AI research for six months due to the possible risks posed by AI. Soon later, the entrepreneur announced the launch of his own AI-focused company, X.AI Corp. The organization, reportedly created on March 9, is based in Nevada. At the moment of writing, Elon Musk is the only director. Jared Birchall, the director of Musk’s family’s offices, is the secretary of X.AI Corp. 

Not much information has been shared yet. However, with Musk’s history of technological innovation and expertise in AI, the future of X.AI Corp. is one of much anticipation. Time will tell what Musk’s latest ambitious venture will lead to and whether it matches the success of previous endeavors. 

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About The Author

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

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Valeria Goncharenko
Valeria Goncharenko

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

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