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Home AI News Elon Musk Reportedly Plans AI start-up to Rival ChatGPT-maker OpenAI
AI News

Elon Musk Reportedly Plans AI start-up to Rival ChatGPT-maker OpenAI

  • by Dhaval
  • 2023-04-16
  • 0 Comments
  • 1 minute read
  • 1166 Views
  • 3 years ago
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Elon Musk Reportedly Plans AI start-up to Rival ChatGPT-maker OpenAI

Elon Musk, a successful tech entrepreneur, allegedly has plans to launch a artificial intelligence (AI) business to ChatGPT-maker OpenAI, one of the most well-known generative AI startups he co-founded in 2015. 

The knowledge that Musk is putting together a team of AI researchers and engineers surfaced, according to the Financial Times. Musk left the OpenAI board in 2018, but with the establishment of the new AI startup, he will compete with other tech behemoths like Google and Microsoft to create the next generation of artificial intelligence.

According to the article, Musk is in discussions with current Tesla and SpaceX investors about making investments in the new AI firm. “A bunch of people are investing in it. It’s real, and they are excited about it,” the source for FT continued.

The purported discoveries go hand in hand with a previous story from April 12 in which an unnamed source said that Musk bought about 10,000 graphics processing units to fuel Twitter’s AI projects.

Musk formed X (X.AI) on March 9 and listed himself as the only director of the business. In addition, as part of his intentions to develop a “everything app” under the “X” brand, Musk also changed the name of Twitter to X Corp in business records.

Contrarily, on March 30, Musk joined more than 2,600 other tech industry executives and researchers in signing an open letter calling for a temporary halt to further AI development due to “profound risks to society and humanity.”

Amazon Web Services (AWS) has entered the AI battle as yet another technological behemoth. AWS customers will be able to develop generative AI from foundation models (FMs) thanks to the Amazon Bedrock effort.

 

Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Dhaval

Dhaval

Author
Dhaval Aggarwal covers cryptocurrency markets and Web3 venture investing for BitcoinWorld. His reporting focuses on funding rounds, exchange listings, on-chain treasury activity, and the partnerships connecting crypto-native firms with traditional finance. Since joining the desk in 2023, he has tracked the deal flow behind major Layer-2 networks, Bitcoin treasury programs, and institutional adoption stories. He writes daily news pieces for active traders and longer analyses for readers following where the next cycle of crypto growth is heading.
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