Elon Musk Mulls AI Startup to Compete Against Chatgpt Maker Openai – According to sources familiar with his plans, billionaire entrepreneur and tech investor Elon Musk is reportedly working on establishing a startup that would compete with OpenAI, the company behind the ChatGPT AI assistant, as reported by the Financial Times on Friday.
As per Reuters’ report, the Financial Times stated that Elon Musk is said to be in discussions with investors from SpaceX and Tesla, two of his well-known business ventures, as well as actively hiring AI engineers to support his new startup that aims to rival OpenAI. Despite regulatory authorities’ calls for comprehensive guidelines before widespread implementation, tech giants such as Alphabet, the parent company of Google, and Microsoft-funded OpenAI are actively integrating AI into their offerings.
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Elon Musk’s announcement about his new startup plan follows a recent call from a group of AI researchers and executives, including himself, to halt the development of systems more advanced than OpenAI’s latest GPT-4 model for six months due to concerns over potential risks to society. Elon Musk was one of the initial founders of OpenAI, which was launched as a non-profit organization in 2015, and he initially co-chaired the board. However, he stepped down from the board in 2018.
In March 2023, Musk registered a new company named X.AI Corp in Nevada, although it is not yet clear if this is related to his reported efforts to create an AI startup that would rival OpenAI. According to the Financial Times, Elon Musk has reportedly obtained several thousand graphics processing units (GPUs) from chip manufacturer Nvidia to power his new AI startup. Last month, Nvidia’s chief technology officer stated that artificial intelligence is more beneficial than cryptocurrency mining.
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