Elon Musk will develop artificial intelligence and establish the new company X.AI
The announcement follows Musk’s rebranding of Twitter Inc. to X Corp.
A recent corporate filing indicates that Elon Musk, CEO of Twitter and Tesla, has founded a new firm with the stated goal of developing artificial intelligence (AI).
Musk is listed as the director of a company called X.AI in a document dated March 9 but newly disclosed. Jared Birchall, an associate of Musk, is also listed as secretary.
It also indicates that X.AI has been established in the state of Nevada and has a current capitalization of $100,000.
Beyond what is already inferred by the name, the filing makes no mention of any additional workers or firm goals, nor does it declare clearly that the company would deal with artificial intelligence.
Musk uses the letter “X” in several of his commercial endeavors. Twitter Inc. has recently been renamed X Corp., and X Corp. is owned by X Holding Corp. These decisions appear to be a part of Musk’s plans to develop an “everything app” named X that will combine social networking and payment tools.
The “X” nomenclature trend dates back to 1999 when Musk founded X.com, which later became PayPal in 2000.
Musk has extensive experience within the AI industry. OpenAI, the company behind ChatGPT, was founded by him in 2015, but he departed the company in 2018.
Musk has reportedly hired Igor Babuschkin, formerly of Google’s Deepmind AI division, to develop an alternative to ChatGPT, according to reports from February.
Despite his interest in artificial intelligence, Musk is one of a number of experts who have signed a letter calling for provisional restrictions on AI training. Such restrictions would help avoid unknown hazards and assure “a long AI summer,” according to the letter.
There is no evidence that Musk’s AI initiatives will utilize cryptocurrency. Musk suggested in March that he is now more interested in artificial intelligence than cryptocurrencies, though it is unclear whether he was joking.