Twitter and Tesla CEO Elon Musk has set up a new company, ostensibly to develop artificial intelligence (AI), according to a recent report. Company’s presentation.
The company will be headed by Musk
The relevant filing, dated March 9 but recently published, lists Musk as a director of a company called X.AI. It also lists Musk’s partner Jared Birchall as secretary.
It further indicates that X.AI has been established in the state of Nevada and that the company currently has a capital of $100,000.
The filing does not name any other company employees or plans, nor does it explicitly state that the company will work with AI beyond what the name implies.
The letter “X” is being used in several of Musk’s business ventures. Twitter Inc. was recently renamed to X Corp.and that company is in turn owned by another company called X Holding Corp. Those decisions appear to be part of Musk’s plans to create an “everything app” called X, which will combine social networking and payment tools.
The trend for “X” names dates back to Musk’s first financial firm, X.com, which was founded in 1999 and became PayPal in 2000.
Musk’s involvement with AI
Musk has a long history of involvement in the AI industry. He founded OpenAI, the company behind ChatGPT, in 2015, but left the company in 2018.
More recent reports from February suggest that Musk has hired Igor Babuschkin, formerly of Google’s Deepmind AI division, to develop an alternative to ChatGPT.
Despite his interest in AI, Musk is one of several experts who have signed a letter urging temporary restrictions on AI training. Such restrictions would help avoid any unknown risk and ensure “a long AI summer,” the letter says.
There is no indication that Musk’s artificial intelligence efforts will make use of the cryptocurrency. In fact, Musk suggested in March that he is now more interested in AI than cryptocurrency, though it’s unclear if that statement was made in jest.
Musk has not publicly commented on the new X.AI signature.
The charge Elon Musk will develop artificial intelligence and founds the new corporation X.AI first appeared in CryptoSlate.
