Elon Musk's New Artificial Intelligence Company, X.AI, Incorporates In Nevada

According to a state document, Elon Musk has formed a new artificial intelligence firm named X.AI, which is incorporated in Nevada.

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According to the filing submitted last month, Mr. Musk is the only stated director of the firm, and Jared Birchall, the director of Mr. Musk's family office, is its secretary. The privately owned corporation X.AI has authorized the sale of 100 million shares.

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The company takes its name from Mr. Musk's endeavor to develop an all-encompassing program named X. Mr. Musk's company, Twitter, recently changed its name to X Corp. According to a legal filing last week, the social media corporation was also established in Nevada rather than its former home in Delaware. X Holdings Corp. is the parent company of X Corp.

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According to legal experts, Nevada's statutes give a company's management and officers greater latitude and protection than Delaware's regulations.

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Mr. Musk did not respond to a query about X.AI. The billionaire has already warned of the dangers of AI technology and pushed for governments to control it.

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According to experts involved with the outreach, Mr. Musk has spent the past several months recruiting researchers as part of his AI goals, with the objective of building a rival effort to OpenAI, the artificial intelligence startup that introduced the viral chatbot ChatGPT in November. Investor interest in the field has reached a fever pitch as a result of OpenAI.

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Mr. Musk co-founded OpenAI eight years ago but departed the company in early 2018 following a power battle with its current CEO, Sam Altman, according to the Wall Street Journal. Mr. Musk has complained that ChatGPT is politically biased, and he has told colleagues that he wants to construct AI models that are more truth-seeking, though he has not publicly explained what this entails.

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Tesla Inc. CEO Elon Musk recently hired Igor Babuschkin, a scientist at Alphabet Inc.'s DeepMind artificial intelligence lab, to lead the new initiative. He has also attempted to get OpenAI personnel to join the new lab but has had minimal success, according to sources familiar with the attempts. Mr. Babuschkin's hiring was previously revealed by The Information.

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If Mr. Musk's new lab is successful, it will add another entry to the tech industry's race to produce increasingly powerful artificial intelligence models. OpenAI published GPT-4 earlier this year, an AI model meant to emulate human reading and writing that outperformed most humans on standardized tests such as the LSAT. The technology will also be used in a new version of Microsoft Inc's Bing search engine. Google and Amazon.com Inc., among others, have unveiled AI ambitions.

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Mr. Musk joined several tech CEOs and AI researchers late last month in asking for a six-month or longer freeze on advancements in sophisticated AI technology, which supporters claim would allow the industry time to define safety guidelines for its design and head off possible hazards.

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Mr. Musk has a lengthy history with the letter X. X.com was the name of his prior online banking enterprise, which ultimately became PayPal following a merger with another company. And he calls one of his children X.

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