Elon Musk is reportedly developing an AI start-up to compete with OpenAI, maker of ChatGPT, according to sources familiar with his plans, as reported by the Financial Times on Friday.
Elon Musk, the owner of Twitter, is reportedly assembling a team of AI researchers and engineers, according to a report by the Financial Times. He is also said to be discussing funding options for the project with investors from SpaceX and Tesla Inc.
Due to potential risks to society, Musk’s company announced a plan to pause development of more advanced systems than OpenAI’s GPT-4 for six months as a result of a request from AI researchers and executives.
Musk has obtained numerous high-powered GPU processors from Nvidia and has hired engineers from various AI labs, including DeepMind, to support his new AI venture. Nvidia manufactures graphics cards, including the upcoming GeForce RTX 40 series, and is considered a leading company in the industry. These units are commonly used for tasks such as artificial intelligence and high-performance graphics. Nvidia Corp declined to comment on the matter, but their shares saw an increase on Friday after the news was released.
ChatGPT is encountering resistance from regulators who are requesting clear guidelines prior to its widespread usage. Italy has prohibited ChatGPT due to concerns about privacy, and a European privacy watchdog has established a task force as an initial move toward a uniform AI policy. Microsoft has announced that it is utilising GPT-4 to enhance the capabilities of Bing with ChatGPT.
Elon Musk recently registered X.AI Corp in Nevada, where he serves as the sole director and Jared Birchall, managing director of Musk’s family office, serves as the secretary.
The connection between the company and Musk’s alleged AI start-up endeavours was unclear.
Elon Musk is a co-founder of OpenAI, a non-profit organization established in 2015. He resigned from the board in 2018.
