What to Know About Elon Musk's New AI Company, xAI

Elon Musk wants to "understand the true nature of the universe." At least that's what his new AI company, xAI, said on its website as he announced its formation on Wednesday. Musk incorporated xAI in Nevada in March this year and reportedly purchased "roughly 10,000 graphics processing units"--hardware that is required to develop and run state-of-the-art AI systems. The company has not said how it is financed but the Financial Times reported in April that Musk was discussing getting funding from investors in SpaceX and Tesla, two companies he runs. The company has not shared much detail about its intentions, but said on its website that its team would be joining a Twitter Spaces call on July 14 to take questions.