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Elon Musk Launches AI Startup to Compete with OpenAI

According to the Financial Times, Elon Musk, the billionaire entrepreneur, is reportedly planning to launch an artificial intelligence startup competing with ChatGPT-maker OpenAI.

Elon Musk
Elon Musk

Assembling a Team and Seeking Investments

The Twitter owner is assembling a team of AI researchers and engineers while discussing potential investments with some investors from SpaceX and Tesla (NASDAQ: TSLA) Inc.

The Push for AI Regulation and Pause in Development

Musk's plans emerge just weeks after he and a group of AI researchers and executives called for a six-month halt in developing systems more powerful than OpenAI's GPT-4, citing potential societal risks.

Generative AI Adoption by Major Tech Companies

Major corporations like Microsoft Corp (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL) Inc seek to integrate Generative AI, the technology behind ChatGPT, into their products and services.

Regulatory Challenges for ChatGPT

Despite its popularity, ChatGPT faces regulatory pushback as officials demand clear rules before mass adoption. Italy has banned the technology over privacy concerns, while European privacy watchdogs are working towards a common AI policy.

Musk Acquires GPUs for High-Powered Computing

Business Insider reported that Musk had obtained thousands of graphic processor units (GPUs) from Nvidia (NASDAQ: NVDA) Inc, which are essential for high-powered computing tasks like AI and high-end graphics. Nvidia declined to comment, and its shares rose about 1% on the news.

Uncertainty Surrounding Musk's AI Firm Offerings

There has yet to be any information on what Musk's new venture might offer regarding services, and he did not respond to a Reuters request for comment.

Musk's History with OpenAI

Elon Musk co-founded OpenAI, which began as a non-profit organization in 2015. He later stepped down from the company's board.