
Elon Musk files for incorporation of an artificial intelligence company

According to a report, Tesla and Twitter CEO Elon Musk has created an artificial intelligence company called X.AI headquartered in Nevada.
The company was incorporated last month, The Wall Street Journal reported Friday, citing a state filing. Musk has yet to tweet about the new company.
The news comes after reports this week that Musk was considering creating a ChatGPT rival. It also comes despite Musk signing an open letter last month urging labs to take at least one six-month break in AI development due to the “deep risks” to the company of increasingly successful AI engines.
OpenAI’s GPT-4 launched in mid-March. It is the latest version of the large language model that powers the ChatGPT AI chatbot, which, among other things, is advanced enough to pass the bar exam.
The AI.X company name is reminiscent of Twitter news from earlier this week. The social network has changed its name to X Corp, a California court filing showed. “Twitter, Inc was merged into X Corp and no longer exists. X Corp is privately held. Its parent company is X Holdings Corp,” the California filing said. The moves could be part of Musk’s reported plan to create an “everything app.”
Two more companies jumped into the AI space this week. THURSDAY, Amazon launched a cloud service called Amazon Bedrock, designed to enable Amazon Web Services customers to build AI-powered applications. And on Monday, the Chinese giant Alibaba unveiled a ChatGPT rival with Chinese and English capabilities.
In February, Microsoft entered the realm of AI chatbots with Bing, which uses ChatGPT. And rival Google eventually followed with AI Bard.
CNET has ChatGPT broken down as well as Bing and Google Bard to determine which is more useful.
Editors’ note: CNET uses an AI engine to create personal finance explanations that are edited and verified by our editors. To learn more, see this post.
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