Elon Musk Creates new AI Company to rival OpenAI - Today 24 News

Elon Musk Creates new AI Company to rival OpenAI as Elon Musk announced his plans to enter in the Artificial Intelligence (AI) market of worth more than US$ 125 billion, globally. Since, the global AI market is expected to hit US$ 1,591 billion by 2030 with a registered CAGR of 38.1% from 2022 to 2030, Elon Musk has planned to enter this arena. The boss of world's leading companies like Twitter, Telsa, StarLink, and SpaceX has announced a new venture and as he has registered a company called'X.AI'. It is reveled that the new subsidiary will be the home of efforts to build new AI based tools similar to ChatGPT that is currently owned by OpenAI. To accelerate with X.AI, Musk is reported that he is assembling a team of AI experts and researchers as he is discussing with with investors of SpaceX and Tesla about putting money into this new venture.