Entrepreneur Elon Musk is preparing to launch a startup that will compete with Openai, the creator of Chatgpt, a media report unveiled. According to quoted knowledgeable sources, the owner of Twitter and Tesla is already assembling a team of developers and talking to investors.

Elon Musk Reportedly Working to Establish Openai Rival, Registers X.AI Corp

Tech investor Elon Musk is putting effort into founding a startup that will rival the company behind the Chatgpt artificial intelligence (AI) assistant, Openai, the Financial Times revealed on Friday, citing people familiar with the billionaire’s intentions.

The publication claims Musk is now recruiting AI engineers while also holding talks with some investors in Spacex and Tesla, two of his best known business enterprises along with Twitter, about backing the new venture, Reuters quoted the report.

Companies like Microsoft-funded Openai and Google’s parent, Alphabet, have been working to incorporate AI into their offerings despite calls from regulators to introduce comprehensive rules for the technology before its widely implemented.

The news of Musk’s new plan comes weeks after a group of AI researchers and executives, including himself, urged for a six-month pause in developing systems more powerful than Openai’s latest GPT-4 model, warning about potential risks to society.

In fact, Elon Musk was one of the founders of Openai, launched as a non-profit in 2015, and initially co-chaired it. The investor stepped from its board in 2018. In March 2023, he registered a company called X.AI Corp in Nevada, although it’s unclear if the firm is linked to the reported efforts.

The Financial Times also wrote that the entrepreneur has secured thousands of graphics processing units (GPUs) from chip manufacturer Nvidia. The hardware is need to power AI applications. Last month, Nvidia’s chief technology officer was quoted as saying that artificial intelligence is more useful than cryptocurrency mining.

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ai, AI applications, Artificial Intelligence, assistant, billionaire, chatbot, Chatgpt, Company, Elon Musk, Engineers, Entrepreneur, Firm, Google, Investor, Microsoft, Musk, openai, plan, report, Researchers, rival, startup, X.AI Corp

Do you think Elon Musk is preparing to establish an AI-focused startup? Tell us in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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