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AI Generative Trend
More and more businesses are embracing the artificial intelligence trend. As previously reported on Coinwire, Amazon recently unveiled Bedrock, their take on AI generative trend. Now, Twitter CEO Elon Musk has shared his evolving plan to launch a new AI start-up to compete with ChatGPT-maker OpenAI.
This billionaire’s idea is purportedly related to his recent decision to enter the Silicon Valley competition to develop generative AI systems. People acquainted with the internet entrepreneur’s plans claim that the head of Tesla and Twitter is putting together a team of AI researchers and engineers.
AI Community’s Reaction
Musk has already obtained thousands of high-powered GPU processors from Nvidia for his AI ideas, which are still in the works. The aforementioned GPUs are known to be high-end chips, which were required in order for him to achieve his goal of developing a huge language model. It is worth mentioning that AI systems, like the technology that drives ChatGPT, are capable of absorbing massive volumes of content and producing humanlike prose or realistic visuals.
This is Musk’s most recent business endeavor, which is likely to draw criticism and questions from the AI community. As it may be recalled, Musk had previously led a letter, cosigned by thousands of other industry leaders, calling for a halt on the creation of GPT-style models due to safety concerns prior to the news of his plans to join the AI movement.
This new business venture by the billionaire is a great addition to his diverse portfolio of responsibilities and investments, which already includes running Twitter and Tesla as well as founding SpaceX, his $137 billion rocket maker, Neuralink, a neurotechnology researcher, and The Boring Company, a tunneling start-up. Although his entry into the hot generative AI market may face criticism, it does not change the fact that this new business venture is by the billionaire.
Musk’s New Business Venture
Reports have unveiled that the billionaire Musk himself is also having discussions with a number of investors in SpaceX and Tesla. The said discussions are allegedly focused on putting money into his new venture. According to a source familiar with the matter, “A bunch of people is investing in it . ..it’s real and they are excited about it.”
According to Nevada business records, on March 9, Musk incorporated the X.AI corporation. While Jared Birchall, the former Morgan Stanley banker who oversees Musk’s fortune, was designated as his secretary, he was the director of the aforementioned firm. Furthermore, Musk recently renamed Twitter to X Corp in corporate documents as part of his aspirations to develop an “everything app” under the brand “X.”