Elon Musk's New Artificial Intelligence Business, X.AI, Incorporates in Nevada

Elon Musk has created a new artificial intelligence company called X.AI that is incorporated in Nevada, according to a state filing. Mr. Musk is the only listed director of the company, and Jared Birchall, the director of Mr. Musk's family office, is its secretary, according to the filing made last month. X.AI has authorized the sale of 100 million shares for the privately held company.