Elon Musk reportedly planning to launch AI rival to ChatGPT maker

Elon Musk is reportedly planning to launch an artificial intelligence company to compete with OpenAI, the creator of ChatGPT, as Silicon Valley battles for dominance in the rapidly developing technology. The billionaire boss of Tesla and Twitter is in the process of bringing together a team of AI researchers and engineers and is in talks with several investors about the project, according to the Financial Times. "A bunch of people are investing in it … it's real and they are excited about it," a person with knowledge of the talks told the newspaper, which cited Nevada business records showing that on 9 March Musk incorporated a company called X.AI of which he is the company's sole director. The move, which would mean him joining tech giants Microsoft, Google and Amazon and startups including OpenAI in the fast-changing generative AI space, appears to signal a rapid change of direction. Only a few weeks ago Musk co-signed a letter in which he and more than 1,800 others demanded a six-month pause in AI research.