World's second richest man Elon Musk founds a new AI company called X.AI.
Elon Musk has formed a new company named X.AI to promote Artificial Intelligence.
According to the information given to the market, the headquarters of X.AI company has been made in Nevada, Texas.
Elon Musk is the only listed director of the X.AI company. While Jared Birchall has been made the company secretary.
According to media reports, X.AI has authorized the sale of 10 crore shares for the private company.
Musk wants to build an AI company that can compete with Microsoft-backed ChatGPT AI chatbot OpenAI.
Microsoft has made a historic investment of one billion dollars in the most successful AI ChatGPT in the market.
OpenAI's final valuation was close to $20 billion, making it the world's largest AI-backed company.
Musk tried to take control of OpenAI in early 2018. The founders of OpenAI rejected Musk's offer.
Now Elon Musk has formed his own Artificial Intelligence company named X.AI. Let's see how successful it is.