Elon Musk launches AI start-up; names it X.AI Corp. (2024)

The CEO of Twitter and the founder of Tesla and SpaceX, Elon Musk, launched a brand-new artificial intelligence firm named X.AI Corp. This is in light of Musk's suggested guidelines for creating an"everything app" dubbed "X" as well as his official rebranding of Twitter as X Corp.

Muskwas named a director of the AI start-up, which was established in Nevada on March 9. HisNeuralink company's CEO Jared Birchall, a former executive at Morgan Stanley, has been appointedas secretary.

The Wall Street Journal and Financial Times cited sources that said OpenAI, the creator of the widely used AI-based chat programme ChatGPT, will be acompetitor to this new entrant. X.AI Corp. will also make a bid to take on OpenAI.

Elon helped launch OpenAI in 2015, but three years later he left the organisation's board of directors and grew sceptical of it, saying it had become a "closed source maximum-profit company effectively controlled by Microsoft."

In a tweet, the Twitter CEO said, "OpenAI was created as an open source (which is why I named it “Open” AI), [a] non-profit company to serve as a counterweight to Google, but now it has become a closed source, [the] maximum-profit company effectively controlled by Microsoft."

OpenAI was created as an open source (which is why I named it “Open” AI), non-profit company to serve as a counterweight to Google, but now it has become a closed source, maximum-profit company effectively controlled by Microsoft.

Not what I intended at all.

— Elon Musk (@elonmusk) February 17, 2023

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Musk is rumoured to have put together a team of researchers and software developers for the project and "secured thousands of high-powered GPU processors," according to the Financial Times, even though he has notmade his plans publicfor the AI industry.

As reported bythe Financial Times, Musk had discussions with financiers from SpaceX and Tesla regarding funding the project.

The name of the new company continues the grandtheme of 'X' that appears throughout several of Musk's endeavours; earlier this week, herebranded Twitter Inc. as "X Corp."

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The existence of a "everything app," code-named "X," has previously been alluded to by him in cryptic ways, though it is unclear whether this has anything to do with the AI project.

In a recent open letter, Musk and more than 1,000 other researchers and techpioneers warned that AI might pose "profound risks to society and humanity." The letter sought a global "pause" on AI development for "at least six months" to "give society a chance to adapt" to the swiftly advancing technological advances. Some of the signatories were later found to be fake.

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Elon Musk launches AI start-up; names it X.AI Corp. (2024)

FAQs

What is the name of Elon Musk's new AI company? ›

Elon Musk's artificial intelligence company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal, according to people with knowledge of the talks.

How to invest in X AI Corp? ›

xAI is not publicly traded on NYSE or NASDAQ in the U.S. To buy xAI's stock you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started. Can you sell xAI's stock? Yes, you can sell stock of a private company like xAI.

What is Elon Musk's project X stock? ›

Project X is a secret plan by Elon Musk that might include new steps in self - driving cars and even a stock trading hub. Tim Bohen suggests that investing in electric vehicle (EV) stocks like Tesla could be profitable due to expected growth in the sector.

What is Elon Musk's IQ? ›

Let's first answer the critical question — Elon Musk's IQ is around 155. For context, it is believed that Albert Einstein had an IQ between 160 to 165. As such, Elon is way more brilliant than the average person.

What AI company is Elon Musk investing in? ›

When Elon Musk created his artificial-intelligence startup xAI last year, he said its researchers would work on existential problems like understanding the nature of the universe. Musk is also using xAI to pursue a more worldly goal: joining forces with his social-media company X.

What is the best AI stock to buy? ›

7 best-performing AI stocks
TickerCompanyPerformance (Year)
NVDANVIDIA Corp221.39%
SYMSymbotic Inc53.19%
UPSTUpstart Holdings Inc46.67%
PRCTProcept BioRobotics Corp41.03%
3 more rows
7 days ago

Is xAI on the stock market? ›

xAI is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.

How much is xAI worth? ›

The round would value xAI at $18 billion.

The Wall Street Journal reported Friday that investors close to Elon Musk are in talks to help xAI raise $3 billion as part of a new fundraising round that would value the artificial intelligence startup at $18 billion.

Can I buy OpenAI stock? ›

OpenAI is not publicly traded on NYSE or NASDAQ in the U.S. To buy OpenAI's stock you need to be an accredited investor.

What does Elon Musk have stock in? ›

Elon Musk cofounded six companies, including electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company. He owns about 12% of Tesla excluding options, but has pledged more than half his shares as collateral for personal loans of up to $3.5 billion.

How to invest in Elon Musk Tesla stock? ›

Anyone with a brokerage account can invest in Tesla stock. The company trades on the Nasdaq exchange under the stock ticker TSLA. Who is the CEO of Tesla? Elon Musk has served as the CEO of Tesla since October 2008.

Does Elon Musk own SpaceX? ›

He is the founder, chairman, CEO, and CTO of SpaceX; angel investor, CEO, product architect, and former chairman of Tesla, Inc.; owner, executive chairman, and CTO of X Corp.; founder of the Boring Company and xAI; co-founder of Neuralink and OpenAI; and president of the Musk Foundation.

What is Mark Zuckerberg IQ? ›

Einstein IQ: 160+, Bill Gates IQ: 150+, Elon Musk IQ: 155, Zuckerberg IQ: 152, Sunny Doel's IQ: over 160.

Who has a 400 IQ? ›

It's hard to believe such people exist. Nata-bird wrote: Adragon De Mello (IQ Score: 400)His record was broken in 1994 by another student, but today, De Mello is known to have one of the highest IQ scores in all of human history – an IQ score of 400!

What is Bill Gates IQ? ›

What is Bill Gates IQ? Bill Gates's IQ is 157 ± 6, according to our mathematical analysis based on SAT score averages. With a correlation coefficient of 0.8 between SAT scores and IQ, this approach provides a trustworthy approximation.

What is Elon Musk's new AI project? ›

About a year ago, Elon Musk set out to create his own AI startup, xAI. He felt that his competitors were all missing the ultimate goal of creating powerful and fair AI. Now, just over a year later, that startup is working to raise $3 billion at an $18 billion valuation.

Can I buy stock in xAI? ›

There is currently no way to buy xAI stock, as the company is a startup and not listed on the stock market. However, there are a couple of methods you could use to gain exposure to xAI without buying its stock.

What is the $3 AI wonder stock? ›

SoundHound AI is a technologically advanced platform developed by SoundHound Inc., a company specializing in sound recognition and voice search. The primary focus of SoundHound AI is to enable computers and devices to comprehend and engage with sound, music, and voice inputs effectively.

What exactly is Elon Musk's Project Omega? ›

Elon Musk's Project Omega is a rumored project that involves creating artificial superintelligence (ASI), which is a level of AI that surpasses human intelligence in all aspects. However, there is no official confirmation or evidence that such a project exists or that Elon Musk is involved in it.

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