Report: Elon Musk to take on OpenAI with his new AI startup

According to persons who are acquainted with Elon Musk’s plans, businessman Elon Musk is preparing to build a rival to compete with artificial intelligence startup ChatGPT-maker OpenAI, the Financial Times reported on Friday. According to a story in the Financial Times, Twitter owner Elon Musk is putting together a team of AI academics and engineers and is in talks with several SpaceX and Tesla Inc (TSLA.O) investors about raising money for his new business.

Elon Musk’s new AI startup on the way

According to people familiar with his plans, billionaire Elon Musk is preparing to build a rival artificial intelligence startup for ChatGPT-maker OpenAI, the Financial Times claimed on Friday. According to a story in the Financial Times, Twitter owner Elon Musk is putting together a team of AI academics and engineers and is also in talks with several SpaceX and Tesla Inc. stakeholders about raising money for his new business.

According to the Financial Times, Musk has obtained thousands of GPUs from Nvidia Corp., which power the computing necessary for demanding activities like AI and advanced graphics. The chip maker’s shares rose on Friday due to the story; the firm declined to comment. A state file revealed that Musk registered the X.AI Corp, a Nevada-incorporated company, last month. Jared Birchall, the managing director of Musk’s business office, is listed as the company’s secretary and Musk is listed as its sole director.

If the business was associated with Musk’s rumored AI start-up aspirations was unclear. Musk did not answer an inquiry for comment from Reuters. 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 business.