Elon Musk has created a new artificial intelligence company called X.AI Corp. that is incorporated in Nevada, according to a state filing, The Wall Street Journal reported.
According to The Wall Street Journal, Mr. Musk is the only listed director of the company, and Jared Birchall, the director of Mr. Musk’s family office, is its secretary, according to the filing made last month. X.AI has authorized the sale of 100 million shares for the privately held company.
The business invokes the name of what Mr. Musk has described as his effort to create an everything app called X. Twitter, also owned by Mr. Musk recently changed its name to X Corp. The social-media company was also incorporated in Nevada instead of its previous domicile in Delaware, according to a legal filing last week. X Corp. has a parent company named X Holdings Corp.
The Wall Street Journal also reported that compared with Delaware, Nevada’s laws grant more discretion and protection to a company’s management and officers, according to legal experts.
As part of this AI ambitions, Mr. Musk has spent the past few months recruiting researchers with the goal of creating a rival effort to OpenAI, the artificial intelligence company that launched the viral chatbot ChatGPT in November, according to researchers familiar with the outreach. OpenAI has set off a fever pitch of investor interest in the sector.
The Wall Street Journal also reported: Mr. Musk has a long association with the X name. His former online banking startup that later became PayPal after a merger with another firm was called X.com. And he refers to one of his children as X.
The Hill reported Twitter owner Elon Musk founded a new artificial intelligence company named X.AI, according to a Nevada business filing from last month.
According to The Hill, Musk has been publicly skeptical of the future of artificial intelligence in the past and has even called for a complete AI development pause citing “risks to society” he says the technology poses.
“Recent months have seen AI labs locked in an out-of-control race to develop and deploy ever more powerful digital minds that no one – not even their creators – can understand, predict, or reliably control,” a group of tech experts, including Musk said in an open letter calling for the development pause last month.
The Hill also reported that Musk was a co-founder of Open AI, one of the leading artificial intelligence firms, but left the company in 2018, after a reported internal power struggle.
He has reportedly sought to build a rival to OpenAI, recruiting artificial intelligence engineers for a new venture for months.
Does the world really need yet another artificial intelligence chat bot? Personally, I don’t think so. However, Elon Musk clearly thinks that the world needs his X.AI artificial intelligence bot. I cannot help but wonder how long it will be before Elon Musk abandons that project.