Home
News
- 1 Elon Musk left his position as co-founder of OpenAI in 2018 to avoid distraction.
- 2 He registered his new AI company during March 2023 in Nevada.
Elon Musk, Twitter CEO, is planning to launch an artificial intelligence (AI) software to compete with ChatGPT and its developing company OpenAI. According to Financial Times, Musk is in direct contact with AI developers and seeking some investors for SpaceX and Tesla.
It is important to note that Musk is a technology enthusiast and consistently invests in the tech industry. However, Musk is popularly known for developing cheap satellites and e-vehicle with luxurious designs.
According to available data, ChatGPT is backed by some leading investors, including LinkedIn’s Reid Hoffman, and Khosla Ventures. Microsoft, the company behind Windows Evolution, has invested in ChatGPT and plans to add the AI feature to its Bing search browser.
It is important to note that Elon Musk was among the co-founders of OpenAI in 2015. Later in 2018, he stepped down from the post to avoid unwanted distraction that could hamper Tesla vehicles’ development.
According to an international media outlet, Musk recently registered his new company X.AI Corp in Nevada. The registration of the new company is a clear symbol that in the coming months, a rival of ChatGPT will be available in the market, backed by the Tesla founder.
Musk gave a soft signal that he is developing or registering a new company in October 2022 in his Twitter post, where he wrote, “Buying Twitter is an accelerant to creating X, the everything app.” It is easy to predict that the signal ‘the everything app’ hints to technology enthusiasts that an application with all basic needs will be live soon.
FT claims Musk purchased thousands of Graphics Processing Units (GPU) from leading chip manufacturer Nvidia. The purchase symbolizes that development of ChatGPT rival is in process.
Nvidia CTO, Michael Kagan, believes that AI is more advantageous than crypto mining. Musk hired Igor Babuschkin and Manuel Kroiss from DeepMind, an AI research firm backed/owned by Alphabet.
Earlier during April 2023, TheCoinRepublic reported that Twitter, the social media giant, partnered with eToro, a social trading company, to offer its users a new experience of accessing cryptocurrency and stock.
According to Twitter’s announcement on April 13, the company started a new feature of viewing market charts on an expanded range of financial instruments and buying and selling stock and other assets using eToro.
Forbes ranked Elon Musk as the second richest man in the world. Earlier, he was in the first position, but recently the founder of LVMH replaced Musk and acquired the first position with a $211 Billion net worth.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
