Elon Musk is founding a new artificial intelligence company called X.AI

by The Insights

Elon Musk has created a new company dedicated to artificial intelligence – and it’s called X.AI, as first reported The Wall Street Journal. The company, which a Nevada filing said was incorporated last month, currently has Musk as its director and Jared Birchall, the director of Musk’s family office, listed as its secretary. The deposit, which The edge also obtained, indicates that Musk incorporated the company on March 9, 2023.

Rumors of Musk creating an AI company have been circulating for days, with a report from Business Intern revealing that Musk had purchased thousands of graphics processing units (GPUs) to power an upcoming generative AI product. THE FinancialTimes also reported that Musk plans to build an AI company to compete with Microsoft-backed OpenAI. Musk reportedly even asked SpaceX and Tesla investors for funds to start the company.

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