Elon Musk launches AI startup xAI, Set to build Chat GPT Alternative

Elon Musk, the CEO of Tesla and Twitter, is adding another firm to his burgeoning portfolio. As a co-founder of the Sam Altman-led OpenAI, the billionaire businessman is now preparing to start xAI, a competitor artificial intelligence corporation. On Wednesday evening, the company's website went live, stating that its mission was to "understand the true nature of the universe."

"Elon Musk, founder and CEO of Tesla and SpaceX, leads our team." In the past, we've worked with DeepMind, OpenAI, Google Research, Microsoft Research, Tesla, and the University of Toronto..." We worked on and led the development of some of the field's most significant breakthroughs, including AlphaStar, AlphaCode, Inception, Minerva, GPT-3.5, and GPT-4," an excerpt from the newly launched x.ai website reads.

On July 14, xAI will host a Twitter Spaces talk. While the firm is distinct from X Corp, it stated that it would "work closely with X (Twitter), Tesla, and other companies to advance our mission."

Musk and Jared Birchall (who runs his family office), according to a Bloomberg article citing a Nevada state filing with the Secretary of State, incorporated a company called X.AI in March of this year.

According to unnamed sources familiar with the situation, Musk was in talks with Tesla Inc. and Space Exploration Technologies Corp. investors in April about helping fund an AI business. According to the article, the billionaire has purchased thousands of processors from Nvidia Corp. for the new project.

The statement came just hours before a Musk-led event on Twitter Spaces focused on artificial intelligence with two prominent US House lawmakers. California Democrat Ro Khanna and Wisconsin Republican Mike Gallagher have agreed to meet with the Twitter founder for 45 minutes at 7 p.m. New York Times.