HomeTech and GadgetsArtificial IntelligenceElon Musk creates new AI company called X.AI

Elon Musk creates new AI company called X.AI

According to a Nevada state document, Elon Musk has formed a new artificial intelligence firm dubbed X.AI Corp.

The file, submitted last month and disclosed on Friday by The Wall Street Journal, names Mr. Musk as the company’s only director, with Jared Birchall, the director of Mr. Musk’s family office, serving as secretary.

X.AI has authorised the sale of 100 million shares in its privately owned corporation.

Mr. Musk has cautioned that “out of control” AI research might “pose profound risks to society and humanity.”

The Financial Times reported on Friday that Mr. Musk has started to recruit a team of academics and engineers to work on his AI project.

According to the publication, Mr. Musk is also in talks with Tesla and SpaceX investors about helping to finance the project.

According to the tech website the Information, the Tesla CEO has been connected to negotiations about establishing a new research centre with experts in the field, including Igor Babuschkin, a former employee at Alphabet’s DeepMind.

Mr. Musk co-founded OpenAI in 2015 and served as co-chair with Sam Altman, OpenAI’s current chief executive officer.

OpenAI’s mission at the time was to “advance digital intelligence in a way that is most likely to benefit humanity as a whole, unrestricted by a need to generate financial return.” Mr. Musk stepped down from OpenAI’s board in 2018 and has since chastised the firm, which launched a for-profit branch in 2019.

It comes after Mr. Musk recently changed the official name of Twitter to X Corp. as part of his ambition to develop an “everything app,” as the entrepreneur defines it.

Mr. Musk did not reply to a request for comment on X.AI from The Wall Street Journal.

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