Elon Musk has set up a new artificial intelligence company called X.AI Corp, according to a state filing in Nevada.
The filing, made last month and reported on Friday by The Wall Street Journal, lists Mr Musk as the only director of the company, and Jared Birchall – the director of Mr Musk’s family office – as its secretary.
X.AI has permitted the sale of 100 million shares for the company, which is privately held.
Only last month, Mr Musk warned that “out of control” development of AI could “pose profound risks to society and humanity”.
On Friday, the Financial Times reported that Mr Musk has nonetheless begun to assemble a team of researchers and engineers to work on his AI project.
Mr Musk is also understood to be holding discussions with Tesla and SpaceX investors about helping to fund the project, the newspaper said.
The Tesla chief executive had been linked to discussions about creating a new research lab with those in the field including Igor Babuschkin, a former employee at Alphabet’s DeepMind, according to the tech website the Information.
Mr Musk helped start OpenAI in 2015 and served as as co-chair along with Sam Altman, who is OpenAI’s current chief executive officer.
At the time, OpenAI’s goal was to “advance digital intelligence in the way that is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return.” Mr Musk left OpenAI’s board in 2018 and has since criticised the organisation, which created a for-profit arm in 2019.
It comes after Mr Musk recently changed the official name of Twitter to X Corp, part of what the billionaire describes as his effort to create an “everything app”.
Mr Musk did not respond to The Wall Street Journal’s request for comment on X.AI.
Source: https://finance.yahoo.com/news/elon-musk-creates-ai-company-233517470.html