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With the launch of X.AI, Elon Musk enters the AI startup landscape, challenging the likes of OpenAI.

In Brief

Elon Musk has introduced his new venture focusing on artificial intelligence, named 'X.AI.'

The new startup is officially registered in Nevada, where Musk currently holds the position of the sole director, and Jared Birchall serves as the secretary.

Renowned as the founder of PayPal, Tesla, and SpaceX, Elon Musk has just launched X.AI Corp. This compelling news was revealed by. The Financial Times and The Wall Street Journal. 

This isn't Musk's first foray into the world of AI. Back in 2015, he was a co-founder of OpenAI, which aimed to further AI responsibly. Nevertheless, he departed from the organization in 2018 due to differing opinions on its intended trajectory.

At the end of 2022, OpenAI and its generation-defining product ChatGPT gained immense traction. Recently, OpenAI has announced collaborative ventures with Microsoft, including a cornerstone funding round that brought in $10 billion from the tech titan, which has since begun utilizing GPT-4 in its web browser. extension of its partnership OpenAI's API is now being integrated into the technological offerings of various other organizations as well. Bing Despite being a co-founder of OpenAI, Musk has recently endorsed an open letter urging developers to temporarily halt AI research for six months, citing potential threats associated with artificial intelligence. Shortly thereafter, he unveiled his new AI-centric company, X.AI Corp., which was reportedly established on March 9 and is based in Nevada. As of now, Elon Musk is listed as the only director of the company, while Jared Birchall, who manages Musk's family office, holds the role of secretary.

Details surrounding X.AI are still sparse. However, considering Musk's impressive track record in technology and AI, there's considerable excitement about what the future holds for X.AI Corp. We can only speculate about the outcomes of this bold new endeavor and whether it will achieve similar heights as his past projects.

PayPal has incorporated cryptocurrency functionalities into its mobile application.

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Disclaimer

In line with the Trust Project guidelines Valeria works as a reporter for Metaverse Post, covering topics related to fundraising, AI, the metaverse, digital fashion, NFTs, and everything related to web3.

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